26,268 Shares in Travel + Leisure Co. $TNL Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co bought a new position in shares of Travel + Leisure Co. (NYSE:TNL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 26,268 shares of the company’s stock, valued at approximately $1,563,000.

Several other hedge funds have also made changes to their positions in TNL. Handelsbanken Fonder AB grew its holdings in shares of Travel + Leisure by 32.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 22,500 shares of the company’s stock worth $1,339,000 after purchasing an additional 5,500 shares during the period. Choreo LLC increased its position in shares of Travel + Leisure by 20.3% during the third quarter. Choreo LLC now owns 6,869 shares of the company’s stock worth $409,000 after purchasing an additional 1,158 shares in the last quarter. Interchange Capital Partners LLC acquired a new stake in shares of Travel + Leisure in the third quarter valued at approximately $239,000. Rossby Financial LCC boosted its stake in Travel + Leisure by 13.1% during the 3rd quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock worth $85,000 after purchasing an additional 163 shares during the period. Finally, Tredje AP fonden grew its position in Travel + Leisure by 31.5% during the 3rd quarter. Tredje AP fonden now owns 27,608 shares of the company’s stock worth $1,642,000 after purchasing an additional 6,607 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $74.92 on Thursday. The company has a market cap of $4.68 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 0.57 and a beta of 1.32. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $81.00. The business has a fifty day moving average of $72.70 and a two-hundred day moving average of $66.98.

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

Insider Buying and Selling

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,904 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $74.61, for a total transaction of $291,277.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Dean Brown sold 25,938 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $74.85, for a total value of $1,941,459.30. Following the completion of the sale, the insider directly owned 427,821 shares in the company, valued at $32,022,401.85. This trade represents a 5.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 96,702 shares of company stock valued at $7,182,383. Insiders own 3.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TNL. Mizuho set a $107.00 price target on Travel + Leisure in a report on Thursday, February 19th. Truist Financial upped their price target on Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Wells Fargo & Company lifted their price objective on shares of Travel + Leisure from $81.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $90.00 price objective on shares of Travel + Leisure in a research report on Friday, February 20th. Finally, The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.45.

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.