Thrivent Financial for Lutherans Cuts Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Thrivent Financial for Lutherans cut its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 52.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,343 shares of the company's stock after selling 79,440 shares during the period. Thrivent Financial for Lutherans owned 0.11% of Travel + Leisure worth $3,380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of 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 buying an additional 526 shares during the last quarter. Versant Capital Management Inc acquired a new position in Travel + Leisure during the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC increased its holdings in Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock worth $28,000 after purchasing an additional 607 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Travel + Leisure in the second quarter worth approximately $31,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Travel + Leisure in the second quarter worth approximately $36,000. 87.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TNL. Barclays upped their price target on Travel + Leisure from $40.00 to $41.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. Truist Financial reduced their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. The Goldman Sachs Group raised their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Stifel Nicolaus upped their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Tigress Financial lifted their target price 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $56.70.

Insiders Place Their Bets

In other news, insider Geoffrey Richards sold 5,009 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44. Following the sale, the insider now directly owns 125,209 shares in the company, valued at $6,530,901.44. This represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Amandine Robin-Caplan sold 3,246 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 95,055 shares of company stock worth $4,544,170 over the last quarter. 4.02% of the stock is currently owned by company insiders.

Travel + Leisure Trading Up 2.4 %

NYSE:TNL opened at $56.30 on Tuesday. Travel + Leisure Co. has a 12 month low of $35.41 and a 12 month high of $56.91. The firm's 50 day moving average is $48.45 and its 200 day moving average is $45.69. The stock has a market capitalization of $3.85 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61.

Travel + Leisure (NYSE:TNL - Get Free Report) last released 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. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business posted $1.54 earnings per share. The business's revenue for the quarter was up .7% on a year-over-year basis. Research analysts predict that Travel + Leisure Co. will post 5.77 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.55%. The ex-dividend date is Friday, December 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 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.