Nisa Investment Advisors LLC Sells 5,940 Shares of Travel + Leisure Co. (NYSE:TNL)

Nisa Investment Advisors LLC reduced its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,515 shares of the company's stock after selling 5,940 shares during the quarter. Nisa Investment Advisors LLC owned 0.07% of Travel + Leisure worth $2,498,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TNL. UMB Bank n.a. grew its position in Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company's stock valued at $25,000 after purchasing an additional 526 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after buying an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock valued at $33,000 after acquiring an additional 503 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Travel + Leisure in the third quarter worth $43,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Travel + Leisure during the third quarter worth $44,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of recent research reports. Stifel Nicolaus boosted 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. 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 price objective on the stock. Truist Financial boosted their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group upped their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.55.

Travel + Leisure Stock Performance

Shares of NYSE:TNL traded up $1.14 during midday trading on Monday, hitting $54.31. The company's stock had a trading volume of 691,148 shares, compared to its average volume of 501,570. The stock's 50 day simple moving average is $52.65 and its 200 day simple moving average is $48.27. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 0.68 and a beta of 1.64. Travel + Leisure Co. has a fifty-two week low of $39.66 and a fifty-two week high of $56.91.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Friday, December 13th. Travel + Leisure's dividend payout ratio (DPR) is currently 33.96%.

Insiders Place Their Bets

In other Travel + Leisure news, insider Geoffrey Richards sold 5,009 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total value of $261,269.44. Following the completion of the sale, the insider now directly owns 125,209 shares of the company's stock, valued at $6,530,901.44. This represents a 3.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 19,016 shares of company stock valued at $1,042,863 in the last three months. Company insiders own 4.02% of the company's stock.

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.