Travel + Leisure Co. (NYSE:TNL) Insider Purchases $93,320.00 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown bought 2,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the transaction, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Travel + Leisure Stock Up 3.0 %

TNL stock opened at $48.04 on Friday. The stock has a market capitalization of $3.20 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a 52 week low of $39.91 and a 52 week high of $58.95. The firm has a 50 day moving average of $53.70 and a 200 day moving average of $50.63.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.98 earnings per share. On average, equities research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 4.66%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 17th. Travel + Leisure’s dividend payout ratio (DPR) is presently 38.36%.

Analysts Set New Price Targets

TNL has been the topic of several research reports. Truist Financial lifted their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a report on Friday, March 7th. Tigress Financial boosted their price target on Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Barclays raised their price objective on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. Morgan Stanley began coverage on shares of Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price for the company. Finally, Stifel Nicolaus raised their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and an average target price of $63.70.

Institutional Investors Weigh In On Travel + Leisure

A number of large investors have recently bought and sold shares of TNL. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Travel + Leisure during the 4th quarter valued at approximately $4,268,000. Mackenzie Financial Corp raised its holdings in shares of Travel + Leisure by 405.4% during the fourth quarter. Mackenzie Financial Corp now owns 64,918 shares of the company’s stock worth $3,275,000 after purchasing an additional 52,072 shares during the last quarter. PharVision Advisers LLC acquired a new position in Travel + Leisure during the fourth quarter valued at $713,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Travel + Leisure by 14.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,176 shares of the company’s stock valued at $13,782,000 after purchasing an additional 35,275 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Travel + Leisure during the 4th quarter worth about $6,304,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.