Travel + Leisure Co. (NYSE:TNL) Holdings Reduced by SG Americas Securities LLC

SG Americas Securities LLC cut its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 90.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,702 shares of the company's stock after selling 86,871 shares during the quarter. SG Americas Securities LLC's holdings in Travel + Leisure were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TNL. Cetera Advisor Networks LLC boosted its position in shares of Travel + Leisure by 3.7% during the first quarter. Cetera Advisor Networks LLC now owns 6,652 shares of the company's stock valued at $385,000 after purchasing an additional 235 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Travel + Leisure by 39.4% during the first quarter. MetLife Investment Management LLC now owns 58,299 shares of the company's stock valued at $3,378,000 after purchasing an additional 16,478 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Travel + Leisure by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,627 shares of the company's stock valued at $1,832,000 after purchasing an additional 3,015 shares in the last quarter. BlackRock Inc. boosted its position in shares of Travel + Leisure by 13.9% during the first quarter. BlackRock Inc. now owns 9,806,796 shares of the company's stock valued at $568,206,000 after purchasing an additional 1,197,611 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in Travel + Leisure by 1.7% during the first quarter. Yousif Capital Management LLC now owns 47,819 shares of the company's stock valued at $2,771,000 after buying an additional 819 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Stock Performance

Shares of TNL stock traded up $0.30 during mid-day trading on Monday, hitting $46.92. The company's stock had a trading volume of 558,722 shares, compared to its average volume of 537,073. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.02. The business has a 50-day moving average price of $44.45 and a 200 day moving average price of $39.70. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.26 and a beta of 1.63.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.61. The firm had revenue of $935.00 million during the quarter, compared to analysts' expectations of $946.56 million. Travel + Leisure had a negative return on equity of 43.77% and a net margin of 10.59%. The company's revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 earnings per share. Equities research analysts predict that Travel + Leisure Co. will post 5.4 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Wednesday, March 20th. This is a boost from Travel + Leisure's previous quarterly dividend of $0.45. Travel + Leisure's dividend payout ratio is 37.59%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Truist Financial lifted their price objective on Travel + Leisure from $59.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Barclays lifted their price objective on Travel + Leisure from $37.00 to $44.00 and gave the company an "equal weight" rating in a research note on Thursday, February 22nd. Jefferies Financial Group upgraded Travel + Leisure from a "hold" rating to a "buy" rating and lifted their price objective for the company from $37.00 to $57.00 in a research note on Tuesday, January 2nd. JMP Securities assumed coverage on Travel + Leisure in a research note on Tuesday, February 13th. They set an "outperform" rating and a $50.00 price objective for the company. Finally, Mizuho assumed coverage on Travel + Leisure in a research note on Tuesday, March 26th. They set a "neutral" rating and a $55.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $53.63.

Insider Activity at Travel + Leisure

In related news, insider James J. Savina sold 15,000 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $45.18, for a total transaction of $677,700.00. Following the completion of the sale, the insider now owns 15,860 shares in the company, valued at $716,554.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider James J. Savina sold 15,000 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $45.18, for a total transaction of $677,700.00. Following the completion of the sale, the insider now owns 15,860 shares in the company, valued at $716,554.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James J. Savina sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total value of $282,000.00. Following the sale, the insider now directly owns 26,442 shares of the company's stock, valued at approximately $1,242,774. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,922 shares of company stock worth $1,318,358. 2.07% of the stock is owned by 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.