Travel + Leisure Co. $TNL Shares Sold by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors cut its Travel + Leisure position by 59.4% in the third quarter, selling 14,978 shares and retaining 10,248 shares valued at approximately $634,000. Institutional investors collectively own 87.54% of the company.
• Travel + Leisure reported quarterly earnings of $2.21 per share and revenue of $1.10 billion, surpassing analyst expectations; revenue increased 5.5% year over year.
• The company pays a quarterly dividend of $0.60 per share, equivalent to a 3.6% annual yield, while analysts maintain a “Moderate Buy” consensus with an average price target of $85.42.

Nisa Investment Advisors LLC cut its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 59.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,248 shares of the company's stock after selling 14,978 shares during the quarter. Nisa Investment Advisors LLC's holdings in Travel + Leisure were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of TNL. First Bancorp Inc ME bought a new position in shares of Travel + Leisure in the second quarter worth $27,000. Elevation Wealth Partners LLC raised its position in shares of Travel + Leisure by 413.3% in the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company's stock worth $35,000 after buying an additional 372 shares in the last quarter. Assetmark Inc. raised its position in shares of Travel + Leisure by 43.8% in the first quarter. Assetmark Inc. now owns 627 shares of the company's stock worth $43,000 after buying an additional 191 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Travel + Leisure during the second quarter valued at $46,000. Finally, Rockefeller Capital Management L.P. boosted its stake in Travel + Leisure by 27.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company's stock valued at $88,000 after buying an additional 265 shares during the period. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Trading Up 2.1%

TNL opened at $67.02 on Wednesday. The stock has a market capitalization of $4.10 billion, a P/E ratio of 18.31 and a beta of 1.19. The stock has a 50-day moving average price of $65.91 and a 200-day moving average price of $70.55. Travel + Leisure Co. has a 12-month low of $60.34 and a 12-month high of $81.00.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.08 billion. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.80 earnings per share. On average, equities research analysts predict that Travel + Leisure Co. will post 7.47 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Wednesday, September 16th. Travel + Leisure's dividend payout ratio (DPR) is presently 65.57%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, CAO Thomas Michael Duncan sold 20,000 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the transaction, the chief accounting officer directly owned 5,307 shares of the company's stock, valued at approximately $393,567.12. This trade represents a 79.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.01% of the company's stock.

Key Travel + Leisure News

Here are the key news stories impacting Travel + Leisure this week:

• Positive Sentiment: Third-quarter earnings and revenue beat expectations. Travel + Leisure reported $1.10 billion in revenue, up 5.5% year over year, versus expectations of approximately $1.08 billion. Adjusted EPS was $2.21, ahead of the roughly $2.04–$2.05 consensus and up from $1.80 a year earlier. Travel + Leisure Co. Reports Third Quarter 2026 Results
• Positive Sentiment: Core operating metrics strengthened. Gross vacation-ownership interest (VOI) sales increased 6% to $720 million, supported by 7% tour growth. Adjusted EBITDA also rose 6% to $283 million, signaling operating leverage and healthy demand for the company’s vacation products. Travel + Leisure Q3 2026: EPS Beats by 7.5% as VOI Sales Surge
• Positive Sentiment: Stifel raised its price target to $91. The target increase reflects a more favorable view of Travel + Leisure’s earnings performance and growth outlook, providing a positive analyst signal. Travel + Leisure PT Raised to $91 at Stifel
• Neutral Sentiment: Investors are also evaluating the updated 2026 earnings outlook. Management provided an outlook update alongside the quarterly release, but the available reports do not specify the size or direction of any guidance revision. Travel + Leisure Co Updates 2026 Earnings Outlook
• Negative Sentiment: Balance-sheet and profitability concerns remain. Reported net income was $108 million, while the company continues to show a negative return on equity and a relatively low net margin, factors that could limit valuation expansion despite the quarterly beat. Travel + Leisure Earnings Results

Analysts Set New Price Targets

TNL has been the topic of a number of research analyst reports. Stifel Nicolaus set a $91.00 target price on Travel + Leisure in a research note on Tuesday. Truist Financial lowered their price target on Travel + Leisure from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Thursday, September 10th. Wells Fargo & Company dropped their price target on Travel + Leisure from $92.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, October 19th. The Goldman Sachs Group cut their price objective on Travel + Leisure from $87.00 to $78.00 and set a "buy" rating for the company in a report on Thursday, October 15th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Travel + Leisure in a report on Monday, October 19th. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $85.42.

Travel + Leisure Company Profile

Travel + Leisure Co NYSE: TNL is a hospitality and leisure travel company that operates vacation ownership, exchange, and membership businesses. The company provides travelers with access to resort accommodations, vacation experiences, travel services, and related lifestyle offerings through a portfolio of consumer brands.

Its vacation ownership business includes brands such as Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club, offering members interests in vacation properties and access to resort destinations.

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