Nisa Investment Advisors LLC Sells 37,408 Shares of Travel + Leisure Co. $TNL

Nisa Investment Advisors LLC reduced its position in shares of Travel + Leisure Co. (NYSE:TNL) by 30.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,666 shares of the company’s stock after selling 37,408 shares during the period. Nisa Investment Advisors LLC owned 0.13% of Travel + Leisure worth $4,977,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TNL. Hillsdale Investment Management Inc. purchased a new stake in Travel + Leisure in the 2nd quarter valued at about $27,000. Parkside Financial Bank & Trust increased its position in shares of Travel + Leisure by 155.3% during the second quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after acquiring an additional 382 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after acquiring an additional 715 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Travel + Leisure in the second quarter worth $45,000. Finally, SJS Investment Consulting Inc. grew its stake in Travel + Leisure by 13,383.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 809 shares of the company’s stock valued at $48,000 after purchasing an additional 803 shares during the period. 87.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director George Herrera sold 559 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $68.18, for a total transaction of $38,112.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Myers sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $66.38, for a total value of $3,319,000.00. Following the completion of the transaction, the insider owned 63,789 shares of the company’s stock, valued at approximately $4,234,313.82. This represents a 43.94% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 198,776 shares of company stock worth $13,080,628. Insiders own 3.75% of the company’s stock.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $75.04 on Monday. The stock has a market capitalization of $4.83 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.53 and a beta of 1.38. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $76.21. The stock’s 50-day simple moving average is $68.46 and its 200 day simple moving average is $63.14.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.08. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $1.57 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. Equities research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.24 dividend on an annualized basis and a yield of 3.0%. Travel + Leisure’s payout ratio is presently 36.84%.

Analysts Set New Price Targets

TNL has been the topic of a number of recent analyst reports. Mizuho set a $86.00 target price on Travel + Leisure in a research note on Wednesday, October 22nd. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a report on Thursday, October 23rd. Truist Financial lifted their price objective on shares of Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Wells Fargo & Company began coverage on shares of Travel + Leisure in a research report on Tuesday, November 18th. They set an “overweight” rating and a $74.00 target price for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Travel + Leisure has an average rating of “Moderate Buy” and an average price target of $72.22.

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.