5,661 Shares in Travel + Leisure Co. (NYSE:TNL) Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. has made a new investment of approximately $262,000 in Travel + Leisure Co., acquiring 5,661 shares in the first quarter.
• Recent insider trading includes the sale of 110,885 shares by insider Jeffrey Myers, representing a 43.75% decrease in his holdings.
• Wall Street analysts have mixed views on Travel + Leisure, with a consensus rating of "Moderate Buy" and an average price target of $62.30 per share.

Jefferies Financial Group Inc. purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,661 shares of the company's stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TNL. Natixis acquired a new position in shares of Travel + Leisure in the fourth quarter worth about $37,000. UMB Bank n.a. lifted its stake in shares of Travel + Leisure by 54.0% in the first quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock worth $54,000 after acquiring an additional 409 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Travel + Leisure in the first quarter worth about $54,000. Rossby Financial LCC acquired a new position in shares of Travel + Leisure in the first quarter worth about $55,000. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Travel + Leisure by 333.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock worth $66,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

Travel + Leisure Trading Up 1.2%

Travel + Leisure stock traded up $0.73 during mid-day trading on Wednesday, reaching $61.22. The company had a trading volume of 182,458 shares, compared to its average volume of 698,007. The business has a fifty day simple moving average of $55.16 and a 200 day simple moving average of $51.21. The company has a market cap of $3.97 billion, a P/E ratio of 10.55, a P/E/G ratio of 0.56 and a beta of 1.43. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $63.31.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing analysts' consensus estimates of $1.66 by ($0.01). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $1.52 EPS. Travel + Leisure's revenue for the quarter was up 3.4% on a year-over-year basis. Research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.56 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 3.7%. Travel + Leisure's payout ratio is 38.62%.

Insider Buying and Selling

In related news, insider Geoffrey Richards sold 124,454 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the sale, the insider owned 118,718 shares of the company's stock, valued at approximately $7,426,998.08. This represents a 51.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director George Herrera sold 2,200 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total transaction of $133,056.00. Following the sale, the director directly owned 559 shares in the company, valued at $33,808.32. This trade represents a 79.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 320,174 shares of company stock valued at $19,765,874. Corporate insiders own 3.75% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen raised Travel + Leisure from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Morgan Stanley reduced their target price on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Mizuho upgraded Travel + Leisure from a "neutral" rating to an "outperform" rating and increased their target price for the company from $63.00 to $72.00 in a report on Thursday, July 24th. JMP Securities increased their target price on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 24th. Finally, Barclays raised their price target on Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.30.

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.