Insider Selling: Travel + Leisure (NYSE:TNL) Insider Sells $4,949,645.80 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 66,860 shares of the 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 completion of the sale, the insider owned 427,821 shares of the company’s stock, valued at $31,671,588.63. This trade represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Michael Dean Brown also recently made the following trade(s):

• On Tuesday, February 24th, Michael Dean Brown sold 25,938 shares of Travel + Leisure stock. The shares were sold at an average price of $74.85, for a total value of $1,941,459.30.

Travel + Leisure Stock Up 0.8%

Shares of TNL traded up $0.63 on Wednesday, hitting $75.62. The company’s stock had a trading volume of 435,978 shares, compared to its average volume of 627,202. The firm’s fifty day moving average price is $72.37 and its 200-day moving average price is $66.41. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $81.00. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 0.63 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, February 18th. The company reported $1.83 EPS for the quarter, hitting the consensus estimate of $1.83. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $1.72 EPS. As a group, equities analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on TNL shares. Truist Financial increased their target price on Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, November 14th. The Goldman Sachs Group increased their price objective on Travel + Leisure from $71.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $90.00 target price on shares of Travel + Leisure in a research note on Friday, February 20th. Stifel Nicolaus set a $89.00 price target on shares of Travel + Leisure in a research note on Wednesday, February 18th. Finally, Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.45.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Invesco Ltd. increased its position in shares of Travel + Leisure by 4.2% during the 4th quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock worth $256,211,000 after purchasing an additional 146,484 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Travel + Leisure by 46.8% in the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after buying an additional 855,151 shares in the last quarter. LSV Asset Management increased its holdings in Travel + Leisure by 69.0% during the second quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock worth $83,371,000 after buying an additional 659,293 shares during the last quarter. Geode Capital Management LLC increased its holdings in Travel + Leisure by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company’s stock worth $85,281,000 after buying an additional 10,137 shares during the last quarter. Finally, Norges Bank bought a new stake in Travel + Leisure during the second quarter worth $50,934,000. 87.54% of the stock is currently owned by institutional investors.

About Travel + Leisure

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.