Insider Buying: Travel + Leisure Co. (NYSE:TNL) Insider Acquires 2,000 Shares of Stock

Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Michael Dean Brown acquired 2,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the purchase, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Travel + Leisure Trading Down 4.3 %

NYSE TNL traded down $2.12 during trading hours on Thursday, hitting $46.62. 754,384 shares of the company's stock traded hands, compared to its average volume of 579,035. Travel + Leisure Co. has a 52 week low of $39.91 and a 52 week high of $58.95. The firm has a market capitalization of $3.11 billion, a P/E ratio of 7.98, a P/E/G ratio of 0.67 and a beta of 1.61. The business's fifty day moving average price is $53.80 and its two-hundred day moving average price is $50.57.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted 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 business had revenue of $971.00 million for the quarter, compared to analysts' expectations 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 revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.98 earnings per share. On average, sell-side analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.80%. This is a positive change 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 is presently 38.36%.

Institutional Trading of Travel + Leisure

Several hedge funds have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Travel + Leisure in the 4th quarter worth approximately $4,268,000. Mackenzie Financial Corp grew its stake in Travel + Leisure by 405.4% in the 4th quarter. Mackenzie Financial Corp now owns 64,918 shares of the company's stock valued at $3,275,000 after acquiring an additional 52,072 shares during the period. PharVision Advisers LLC acquired a new stake in Travel + Leisure in the 4th quarter valued at $713,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Travel + Leisure by 14.8% in the 4th 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 acquiring an additional 35,275 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in Travel + Leisure in the 4th quarter valued at $6,304,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial boosted their target price on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Morgan Stanley assumed coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an "overweight" rating and a $67.00 target price on the stock. The Goldman Sachs Group lifted their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Finally, Barclays boosted their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday, February 20th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $63.70.

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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.

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