Insider Selling: Travel + Leisure (NYSE:TNL) Insider Sells $296,140.00 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 4,556 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $65.00, for a total value of $296,140.00. Following the transaction, the insider owned 107,121 shares in the company, valued at approximately $6,962,865. This trade represents a 4.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, November 13th, Geoffrey Richards sold 4,992 shares of Travel + Leisure stock. The shares were sold at an average price of $65.00, for a total transaction of $324,480.00.
• On Wednesday, October 29th, Geoffrey Richards sold 1,100 shares of Travel + Leisure stock. The shares were sold at an average price of $65.00, for a total value of $71,500.00.
• On Monday, October 27th, Geoffrey Richards sold 26,838 shares of Travel + Leisure stock. The stock was sold at an average price of $66.06, for a total value of $1,772,918.28.
• On Wednesday, October 22nd, Geoffrey Richards sold 1,404 shares of Travel + Leisure stock. The shares were sold at an average price of $64.50, for a total transaction of $90,558.00.

Travel + Leisure Stock Down 1.2%

NYSE TNL opened at $63.02 on Monday. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.55 and a beta of 1.51. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $70.43. The business’s fifty day moving average is $62.01 and its 200 day moving average is $57.29.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 EPS. On average, research analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a dividend of $0.56 per share. The ex-dividend date is Friday, December 12th. This represents a $2.24 annualized dividend and a dividend yield of 3.6%. Travel + Leisure’s dividend payout ratio is 36.84%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TNL. Invesco Ltd. lifted its holdings in Travel + Leisure by 8.4% in the third quarter. Invesco Ltd. now owns 3,486,173 shares of the company’s stock worth $207,392,000 after buying an additional 270,474 shares during the period. AQR Capital Management LLC grew its holdings in shares of Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after buying an additional 855,151 shares during the last quarter. LSV Asset Management increased its holdings in shares of Travel + Leisure by 69.0% in the 2nd quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock worth $83,371,000 after purchasing an additional 659,293 shares in the last quarter. Northern Trust Corp boosted its holdings in Travel + Leisure by 3.3% in the first quarter. Northern Trust Corp now owns 1,071,318 shares of the company’s stock worth $49,591,000 after purchasing an additional 34,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Travel + Leisure by 8.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock valued at $46,039,000 after purchasing an additional 79,430 shares during the period. Institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

TNL has been the subject of a number of research analyst reports. Truist Financial lifted their target price on Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday. JMP Securities increased their price target on Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research report on Thursday, October 23rd. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Weiss Ratings restated a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $68.00 target price on shares of Travel + Leisure in a research note on Wednesday, October 22nd. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.80.

Travel + Leisure Company Profile

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.