55,539 Shares in Travel + Leisure Co. (NYSE:TNL) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in Travel + Leisure Co. (NYSE:TNL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 55,539 shares of the company’s stock, valued at approximately $2,802,000. New Age Alpha Advisors LLC owned about 0.08% of Travel + Leisure as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of TNL. Jones Financial Companies Lllp bought a new position in shares of Travel + Leisure in the fourth quarter valued at about $25,000. Versant Capital Management Inc raised its stake in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after acquiring an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after purchasing an additional 503 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Activity

In other news, insider Michael Dean Brown purchased 2,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 6,336 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the transaction, the director now owns 2,759 shares of the company’s stock, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Down 1.8 %

TNL opened at $46.40 on Friday. The stock has a market cap of $3.09 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a 12 month low of $39.91 and a 12 month high of $58.95. The company has a fifty day simple moving average of $52.99 and a 200 day simple moving average of $50.92.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same period in the prior year, the company earned $1.98 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 4.83%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s payout ratio is presently 38.36%.

Analyst Ratings Changes

TNL has been the topic of several research reports. Barclays upped their price objective on Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Morgan Stanley assumed coverage on Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price target on the stock. Truist Financial lifted their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. The Goldman Sachs Group raised their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.70.

Travel + Leisure Company 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.