Travel + Leisure Co. (NYSE:TNL) Shares Acquired by Versor Investments LP

Versor Investments LP lifted its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 45.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,290 shares of the company's stock after acquiring an additional 12,585 shares during the quarter. Versor Investments LP owned 0.06% of Travel + Leisure worth $1,857,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TNL. UMB Bank n.a. grew its position in 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. Versant Capital Management Inc acquired a new stake in Travel + Leisure during the second quarter worth about $27,000. Allspring Global Investments Holdings LLC raised its position in Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock valued at $28,000 after acquiring an additional 607 shares in the last quarter. Family Firm Inc. purchased a new position in Travel + Leisure during the second quarter valued at approximately $31,000. Finally, Larson Financial Group LLC acquired a new position in Travel + Leisure in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Truist Financial dropped their price objective on shares of Travel + Leisure from $65.00 to $60.00 and set a "buy" rating on the stock 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. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on Travel + Leisure from $53.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, July 19th. Finally, Tigress Financial upped their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Travel + Leisure currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.67.

Travel + Leisure Trading Up 0.3 %

NYSE:TNL traded up $0.18 during trading hours on Monday, hitting $53.77. 494,882 shares of the stock were exchanged, compared to its average volume of 589,245. The firm's fifty day moving average price is $45.99 and its 200 day moving average price is $44.99. Travel + Leisure Co. has a 52-week low of $34.12 and a 52-week high of $54.04. The company has a market cap of $3.68 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.77 and a beta of 1.61.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to analysts' expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $1.54 earnings per share. Equities analysts expect that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, December 13th. Travel + Leisure's dividend payout ratio is currently 33.96%.

Insider Buying and Selling

In other news, insider Geoffrey Richards sold 5,009 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 in the company, valued at $6,530,901.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related 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 transaction of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Geoffrey Richards sold 5,009 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total transaction of $261,269.44. Following the completion of the transaction, the insider now owns 125,209 shares in the company, valued at $6,530,901.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,448 shares of company stock worth $4,294,241. 4.02% of the stock is owned by insiders.

Travel + Leisure 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.