Nisa Investment Advisors LLC Purchases 25,283 Shares of Travel + Leisure Co. (NYSE:TNL)

Nisa Investment Advisors LLC raised its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 51.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,798 shares of the company's stock after purchasing an additional 25,283 shares during the quarter. Nisa Investment Advisors LLC owned 0.11% of Travel + Leisure worth $3,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TNL. Cerity Partners LLC raised its position in Travel + Leisure by 1.0% during the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock worth $986,000 after buying an additional 200 shares during the last quarter. Capital Analysts LLC grew its stake in Travel + Leisure by 16.8% in the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock valued at $80,000 after acquiring an additional 227 shares during the last quarter. KBC Group NV increased its holdings in Travel + Leisure by 8.1% during the 1st quarter. KBC Group NV now owns 3,128 shares of the company's stock valued at $145,000 after acquiring an additional 235 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Travel + Leisure by 2.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,944 shares of the company's stock worth $451,000 after acquiring an additional 236 shares during the last quarter. Finally, Xponance Inc. grew its position in shares of Travel + Leisure by 4.0% in the fourth quarter. Xponance Inc. now owns 7,720 shares of the company's stock valued at $389,000 after purchasing an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

Travel + Leisure Price Performance

NYSE TNL traded up $0.30 on Monday, hitting $57.56. 427,714 shares of the stock were exchanged, compared to its average volume of 685,167. The business's fifty day moving average is $50.56 and its 200 day moving average is $49.98. The company has a market capitalization of $3.82 billion, a PE ratio of 9.61, a P/E/G ratio of 0.55 and a beta of 1.38. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.01. Travel + Leisure had a net margin of 10.77% and a negative return on equity of 46.83%. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $933.08 million. During the same period last year, the firm earned $0.97 earnings per share. Travel + Leisure's revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.56 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a yield of 3.89%. Travel + Leisure's payout ratio is presently 37.40%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays reduced their price objective on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley dropped their price target on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Travel + Leisure currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

Insider Buying and Selling

In other Travel + Leisure news, Director Denny Marie Post sold 5,500 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the transaction, the director owned 4,477 shares in the company, valued at approximately $224,745.40. This represents a 55.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey Myers sold 13,922 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $58.00, for a total transaction of $807,476.00. Following the sale, the insider directly owned 165,890 shares of the company's stock, valued at approximately $9,621,620. The trade was a 7.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,285 shares of company stock valued at $1,474,767. 3.75% of the stock is owned by company insiders.

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.