Thrivent Financial for Lutherans Sells 79,440 Shares of Travel + Leisure Co. (NYSE:TNL)

Thrivent Financial for Lutherans decreased its position in shares of Travel + Leisure Co. (NYSE:TNL) by 52.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,343 shares of the company’s stock after selling 79,440 shares during the period. Thrivent Financial for Lutherans owned approximately 0.11% of Travel + Leisure worth $3,380,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Copeland Capital Management LLC grew its position in Travel + Leisure by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company’s stock valued at $71,584,000 after acquiring an additional 13,870 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Travel + Leisure by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company’s stock valued at $63,547,000 after buying an additional 57,587 shares during the period. LSV Asset Management grew its stake in Travel + Leisure by 23.1% in the 2nd quarter. LSV Asset Management now owns 725,381 shares of the company’s stock worth $32,628,000 after acquiring an additional 136,281 shares in the last quarter. Swedbank AB purchased a new position in shares of Travel + Leisure during the first quarter worth approximately $33,598,000. Finally, Millennium Management LLC raised its stake in shares of Travel + Leisure by 440.7% during the second quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock valued at $27,624,000 after acquiring an additional 500,554 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the transaction, the director now directly owns 362,947 shares in the company, valued at $17,258,129.85. This trade represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was 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 approximately $1,024,703.44. The trade was a 11.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,055 shares of company stock valued at $4,544,170. 4.02% of the stock is currently owned by corporate insiders.

Travel + Leisure Stock Up 2.4 %

NYSE TNL opened at $56.30 on Tuesday. The firm has a market cap of $3.85 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61. The company has a 50 day moving average price of $48.45 and a 200 day moving average price of $45.69. Travel + Leisure Co. has a 52 week low of $35.41 and a 52 week high of $56.91.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08. The business had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $1.54 earnings per share. On average, equities research analysts anticipate that Travel + Leisure Co. will post 5.77 earnings per share 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. Shareholders of record on Friday, December 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Analyst Ratings Changes

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

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.