Travel + Leisure Co. (NYSE:TNL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 52.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 73,343 shares of the company’s stock after selling 79,440 shares during the period. Thrivent Financial for Lutherans’ holdings in Travel + Leisure were worth $3,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after buying an additional 526 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Travel + Leisure in the 2nd quarter worth $27,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after acquiring an additional 607 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Travel + Leisure in the second quarter worth about $31,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Travel + Leisure in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analysts Forecast Growth

TNL has been the topic of a number of analyst reports. Truist Financial reduced their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Tigress Financial lifted their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group increased their price objective on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, Barclays lifted their target price on Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.67.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the sale, the director now owns 6,352 shares of the company’s stock, valued at $269,832.96. This trade represents a 25.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The trade was a 11.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,055 shares of company stock valued at $4,544,170. 4.02% of the stock is currently owned by company insiders.

Travel + Leisure Stock Up 2.4 %

Shares of NYSE TNL opened at $56.30 on Tuesday. The business’s 50 day moving average is $48.45 and its two-hundred day moving average is $45.69. Travel + Leisure Co. has a 52-week low of $35.41 and a 52-week high of $56.91. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.79 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $1.54 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. Analysts anticipate that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, December 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.55%. Travel + Leisure’s dividend payout ratio is presently 33.96%.

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.