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

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown bought 2,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the purchase, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $48.04 on Friday. The stock’s 50-day moving average is $53.74 and its 200-day moving average is $50.55. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a one year low of $39.91 and a one year high of $58.95.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) 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 the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. Travel + Leisure’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.98 earnings per share. On average, equities analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.56 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.66%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s payout ratio is currently 38.36%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TNL. Tigress Financial lifted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Mizuho reiterated a “neutral” rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $40.00 to $60.00 in a report on Monday, January 27th. Truist Financial lifted their target price on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group boosted their price target on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average price target of $63.70.

Institutional Trading of Travel + Leisure

A number of hedge funds and other institutional investors have recently modified their holdings of TNL. Invesco Ltd. increased its position in Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock worth $178,822,000 after buying an additional 163,804 shares during the last quarter. Copeland Capital Management LLC increased its position in Travel + Leisure by 0.8% during the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock worth $78,984,000 after buying an additional 12,111 shares during the last quarter. AQR Capital Management LLC increased its position in Travel + Leisure by 4.3% during the fourth quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company’s stock worth $71,358,000 after buying an additional 58,944 shares during the last quarter. Northern Trust Corp increased its position in Travel + Leisure by 9.6% during the fourth quarter. Northern Trust Corp now owns 1,036,703 shares of the company’s stock worth $52,302,000 after buying an additional 90,553 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Travel + Leisure by 15.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company’s stock worth $46,169,000 after buying an additional 122,173 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.