Severin Investments LLC Makes New $942,000 Investment in Travel + Leisure Co. $TNL

Severin Investments LLC bought a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,831 shares of the company’s stock, valued at approximately $942,000. Travel + Leisure makes up about 0.8% of Severin Investments LLC’s investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds also recently bought and sold shares of the stock. Hillsdale Investment Management Inc. purchased a new stake in shares of Travel + Leisure during the second quarter worth approximately $27,000. Danske Bank A S purchased a new position in Travel + Leisure in the third quarter worth approximately $30,000. CNB Bank purchased a new position in Travel + Leisure in the third quarter worth approximately $32,000. Geneos Wealth Management Inc. grew its holdings in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after acquiring an additional 715 shares in the last quarter. Finally, CENTRAL TRUST Co grew its holdings in Travel + Leisure by 181.5% during the 3rd quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock worth $47,000 after acquiring an additional 510 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Buying and Selling at Travel + Leisure

In related news, insider Michael Dean Brown sold 66,860 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $74.03, for a total value of $4,949,645.80. Following the transaction, the insider owned 427,821 shares in the company, valued at $31,671,588.63. The trade was a 13.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Amandine Robin-Caplan sold 3,904 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $74.61, for a total value of $291,277.44. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 99,664 shares of company stock worth $7,390,847. 3.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Travel + Leisure from $71.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Morgan Stanley lifted their price target on Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Wells Fargo & Company upped their price objective on Travel + Leisure from $81.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Oppenheimer reiterated an “outperform” rating and issued a $85.00 price objective on shares of Travel + Leisure in a report on Wednesday, February 18th. Finally, Weiss Ratings lowered Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.90.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $70.13 on Thursday. The company has a market capitalization of $4.38 billion, a P/E ratio of 20.57, a PEG ratio of 0.53 and a beta of 1.32. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $81.00. The stock has a 50-day simple moving average of $72.45 and a 200-day simple moving average of $67.66.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, meeting the consensus estimate of $1.83. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.72 earnings per share. As a group, analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, March 20th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.56. Travel + Leisure’s payout ratio is 65.69%.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.