R Squared Ltd Takes $135,000 Position in Travel + Leisure Co. (NYSE:TNL)

R Squared Ltd purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,680 shares of the company’s stock, valued at approximately $135,000.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased its stake in Travel + Leisure by 1,948.1% during the 3rd 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 boosted its stake in Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings 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 buying an additional 503 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Travel + Leisure in the third quarter valued at about $43,000. Finally, Capital Performance Advisors LLP acquired a new position in Travel + Leisure during the third quarter worth about $44,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $54.40 on Thursday. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.68 and a beta of 1.64. The stock’s 50-day moving average is $52.72 and its two-hundred day moving average is $48.37. Travel + Leisure Co. has a 1-year low of $39.66 and a 1-year high of $56.91.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.68%. Travel + Leisure’s dividend payout ratio (DPR) is 33.96%.

Insider Buying and Selling

In other Travel + Leisure news, insider Geoffrey Richards sold 5,009 shares of Travel + Leisure stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44. Following the completion of the sale, the insider now directly owns 125,209 shares of the company’s stock, valued at $6,530,901.44. The trade was a 3.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 19,016 shares of company stock worth $1,042,863 over the last 90 days. 4.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TNL. Barclays boosted their price objective on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. The Goldman Sachs Group raised their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Truist Financial raised their target price on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price target for the company from $40.00 to $60.00 in a research note on Monday. Finally, Tigress Financial increased their target price 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.55.

About Travel + Leisure

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.