Russell Investments Group Ltd. Purchases 30,348 Shares of Travel + Leisure Co. $TNL

Key Points

• Russell Investments Group Ltd. increased its stake in Travel + Leisure Co. by 19.3% in the first quarter, owning approximately 0.28% of the company valued at $8.69 million.
• Insiders sold a total of 320,174 shares of the company's stock worth nearly $20 million in the last quarter, with insiders currently holding 3.75% of the stock.
• The company recently declared a quarterly dividend of $0.56 per share, reflecting an annualized dividend yield of 3.7%.

Russell Investments Group Ltd. lifted its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 19.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,823 shares of the company's stock after purchasing an additional 30,348 shares during the period. Russell Investments Group Ltd. owned about 0.28% of Travel + Leisure worth $8,695,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Travel + Leisure by 210.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,893 shares of the company's stock worth $1,666,000 after purchasing an additional 24,329 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Travel + Leisure by 8.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company's stock worth $46,039,000 after purchasing an additional 79,430 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of Travel + Leisure in the 1st quarter worth approximately $261,000. GAMMA Investing LLC grew its stake in shares of Travel + Leisure by 26.6% in the 1st quarter. GAMMA Investing LLC now owns 2,044 shares of the company's stock worth $95,000 after purchasing an additional 429 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Travel + Leisure by 10.1% in the first quarter. Cerity Partners LLC now owns 21,529 shares of the company's stock worth $997,000 after buying an additional 1,980 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Stock Performance

Shares of TNL stock traded down $0.4450 during trading on Monday, hitting $62.0450. 436,106 shares of the company were exchanged, compared to its average volume of 701,765. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 0.60 and a beta of 1.43. The business's 50-day simple moving average is $57.17 and its 200 day simple moving average is $51.52. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $63.31.

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

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th will be paid a $0.56 dividend. The ex-dividend date is Friday, September 12th. This represents a $2.24 dividend on an annualized basis and a yield of 3.6%. Travel + Leisure's payout ratio is 38.62%.

Wall Street Analyst Weigh In

TNL has been the subject of several recent analyst reports. Mizuho upgraded shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $63.00 to $72.00 in a report on Thursday, July 24th. Wall Street Zen cut shares of Travel + Leisure from a "buy" rating to a "hold" rating in a report on Saturday. Barclays raised their target price on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, July 24th. Finally, JMP Securities raised their target price on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Travel + Leisure currently has a consensus rating of "Moderate Buy" and an average price target of $62.30.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Jeffrey Myers sold 110,885 shares of Travel + Leisure stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $62.33, for a total value of $6,911,462.05. Following the completion of the sale, the insider directly owned 142,553 shares in the company, valued at $8,885,328.49. The trade was a 43.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Dean Brown bought 1,500 shares of Travel + Leisure stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $58.39 per share, with a total value of $87,585.00. Following the completion of the purchase, the insider directly owned 427,821 shares of the company's stock, valued at approximately $24,980,468.19. The trade was a 0.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 320,174 shares of company stock valued at $19,765,874. Insiders own 3.75% of the company's stock.

Travel + Leisure Company 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.