Travel + Leisure Co. (NYSE:TNL) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its position in Travel + Leisure Co. (NYSE:TNL) by 4.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,171 shares of the company’s stock after selling 253 shares during the quarter. Securian Asset Management Inc.’s holdings in Travel + Leisure were worth $261,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in Travel + Leisure in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its stake in shares of Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after buying an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after buying an additional 503 shares during the period. UMB Bank n.a. lifted its stake in shares of Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after buying an additional 204 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock worth $39,000 after buying an additional 181 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TNL has been the subject of several research reports. Stifel Nicolaus lifted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Tigress Financial lifted their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Truist Financial lifted their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. raised 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. Finally, The Goldman Sachs Group raised their target price 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.70.

Travel + Leisure Stock Performance

TNL opened at $46.61 on Wednesday. Travel + Leisure Co. has a fifty-two week low of $39.91 and a fifty-two week high of $58.95. The company has a fifty day moving average of $53.56 and a two-hundred day moving average of $50.72. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last released 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. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same quarter in the previous year, the company earned $1.98 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.56 dividend. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 4.81%. Travel + Leisure’s payout ratio is presently 38.36%.

Insider Buying and Selling at Travel + Leisure

In related news, insider Michael Dean Brown bought 2,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 4.02% of the stock is owned by corporate 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.