Travel + Leisure Co. (NYSE:TNL) Stock Position Raised by Algert Global LLC

Algert Global LLC boosted its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 358,959 shares of the company's stock after purchasing an additional 39,680 shares during the period. Travel + Leisure accounts for 0.4% of Algert Global LLC's investment portfolio, making the stock its 12th biggest holding. Algert Global LLC owned 0.52% of Travel + Leisure worth $18,109,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in shares of Travel + Leisure during the fourth quarter valued at $25,000. Versant Capital Management Inc boosted its position in Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after acquiring an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock valued at $33,000 after acquiring an additional 503 shares in the last quarter. Natixis acquired a new position in shares of Travel + Leisure in the 4th quarter valued at about $37,000. Finally, UMB Bank n.a. lifted its position in shares of Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after purchasing an additional 204 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 6,336 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the sale, the director now directly owns 2,759 shares of the company's stock, valued at approximately $129,121.20. This represents a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Dean Brown bought 2,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the transaction, the insider now directly owns 408,706 shares of the company's stock, valued at $19,070,221.96. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.75% of the company's stock.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $47.26 on Friday. The business's 50-day simple moving average is $46.30 and its 200-day simple moving average is $50.46. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $58.95. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $933.08 million. During the same quarter last year, the company posted $0.97 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.56 per share. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 4.74%. Travel + Leisure's payout ratio is currently 37.40%.

Analyst Ratings Changes

Several research analysts have weighed in on TNL shares. Tigress Financial upped their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group dropped their price target 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. Barclays reduced their price objective on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and upped their target price for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. Finally, Truist Financial lifted their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.20.

Travel + Leisure 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.

Want to see what other hedge funds are holding TNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travel + Leisure Co. (NYSE:TNL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.