19,349 Shares in Travel + Leisure Co. (NYSE:TNL) Bought by Cerity Partners LLC

Cerity Partners LLC purchased a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 19,349 shares of the company's stock, valued at approximately $892,000.

A number of other large investors have also recently added to or reduced their stakes in TNL. UMB Bank n.a. boosted its position in shares of Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company's stock worth $25,000 after purchasing an additional 526 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock worth $28,000 after buying an additional 607 shares during the period. Family Firm Inc. acquired a new stake in shares of Travel + Leisure in the second quarter valued at $31,000. Larson Financial Group LLC purchased a new stake in shares of Travel + Leisure in the 2nd quarter valued at $36,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Travel + Leisure during the 2nd quarter worth about $38,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the sale, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. The trade was a 11.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the firm's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the sale, the director now owns 362,947 shares of the company's stock, valued at $17,258,129.85. This trade represents a 18.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,455 shares of company stock valued at $5,075,834 in the last ninety days. Insiders own 4.02% of the company's stock.

Travel + Leisure Price Performance

Shares of TNL traded down $0.13 during midday trading on Friday, reaching $55.30. 443,521 shares of the stock were exchanged, compared to its average volume of 583,615. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.80 and a beta of 1.63. Travel + Leisure Co. has a twelve month low of $36.77 and a twelve month high of $56.91. The business's 50-day moving average price is $50.19 and its 200 day moving average price is $46.23.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced 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. The business had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company's revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm posted $1.54 earnings per share. As a group, equities research analysts expect that Travel + Leisure Co. will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 33.96%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TNL. Barclays boosted their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an "underweight" rating in a research note on Thursday, October 24th. Truist Financial lifted their price objective on Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Tigress Financial lifted their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group increased their target price on Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy 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 target price of $56.80.

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.