Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Travel + Leisure Co. (NYSE:TNL)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,998 shares of the company's stock, valued at approximately $1,613,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.05% of Travel + Leisure at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of Travel + Leisure by 1,948.1% in 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 in the last quarter. Versant Capital Management Inc purchased a new stake in Travel + Leisure in the second quarter worth about $27,000. Allspring Global Investments Holdings LLC raised its stake in shares of Travel + Leisure by 2,759.1% in 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. purchased a new position in shares of Travel + Leisure during the 2nd quarter valued at about $31,000. Finally, Larson Financial Group LLC bought a new position in shares of Travel + Leisure during the 2nd quarter valued at approximately $36,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Truist Financial raised their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Barclays lifted their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a research note on Thursday, October 24th. Tigress Financial increased their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. The Goldman Sachs Group boosted their price objective on Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus lifted their target price on Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a research note 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.com, Travel + Leisure currently has an average rating of "Moderate Buy" and an average target price of $56.80.

Insider Buying and Selling

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the sale, the insider now owns 24,491 shares of the company's stock, valued at $1,024,703.44. This trade represents a 11.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Geoffrey Richards sold 9,400 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the transaction, the insider now owns 111,202 shares of the company's stock, valued at approximately $6,289,585.12. The trade was a 7.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,455 shares of company stock worth $5,075,834. Corporate insiders own 4.02% of the company's stock.

Travel + Leisure Stock Performance

NYSE:TNL traded down $0.52 during trading hours on Monday, reaching $55.35. The stock had a trading volume of 500,755 shares, compared to its average volume of 581,543. The stock has a market capitalization of $3.79 billion, a PE ratio of 9.33, a PEG ratio of 0.81 and a beta of 1.63. Travel + Leisure Co. has a 52 week low of $36.09 and a 52 week high of $56.91. The company has a 50 day moving average price of $49.41 and a two-hundred day moving average price of $45.97.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company had revenue of $993.00 million for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the business posted $1.54 earnings per share. Travel + Leisure's quarterly revenue was up .7% on a year-over-year basis. Equities research analysts predict that Travel + Leisure Co. will post 5.75 EPS for the current year.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Friday, December 13th. Travel + Leisure's payout ratio is 33.96%.

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.