Travel + Leisure Co. (NYSE:TNL) Insider Geoffrey Richards Sells 4,607 Shares

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 4,607 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total value of $249,929.75. Following the transaction, the insider now owns 120,602 shares in the company, valued at $6,542,658.50. This trade represents a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Geoffrey Richards also recently made the following trade(s):

• On Wednesday, November 6th, Geoffrey Richards sold 5,009 shares of Travel + Leisure stock. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44.

Travel + Leisure Price Performance

Shares of NYSE:TNL traded down $0.29 on Friday, reaching $53.64. The company’s stock had a trading volume of 25,865 shares, compared to its average volume of 586,245. The stock has a market capitalization of $3.67 billion, a P/E ratio of 9.16, a PEG ratio of 0.77 and a beta of 1.61. Travel + Leisure Co. has a 52-week low of $35.41 and a 52-week high of $54.79. The stock’s 50-day moving average is $46.78 and its two-hundred day moving average is $45.23.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business posted $1.54 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts forecast that Travel + Leisure Co. will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.73%. Travel + Leisure’s dividend payout ratio is currently 33.96%.

Hedge Funds Weigh In On Travel + Leisure

Several hedge funds have recently bought and sold shares of TNL. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Travel + Leisure in the first quarter valued at approximately $211,000. Sei Investments Co. grew its position in shares of Travel + Leisure by 138.4% in the first quarter. Sei Investments Co. now owns 116,671 shares of the company’s stock valued at $5,712,000 after purchasing an additional 67,740 shares during the period. QRG Capital Management Inc. lifted its position in Travel + Leisure by 10.4% during the first quarter. QRG Capital Management Inc. now owns 17,573 shares of the company’s stock worth $860,000 after buying an additional 1,650 shares during the period. Russell Investments Group Ltd. boosted its stake in Travel + Leisure by 30.1% in the 1st quarter. Russell Investments Group Ltd. now owns 353,633 shares of the company’s stock worth $17,313,000 after buying an additional 81,817 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Travel + Leisure by 3.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,114 shares of the company’s stock worth $3,286,000 after purchasing an additional 2,512 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

TNL has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Truist Financial lowered their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. The Goldman Sachs Group boosted their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Tigress Financial lifted their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

About Travel + Leisure

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.