Louisiana State Employees Retirement System Invests $794,000 in Travel + Leisure Co. (NYSE:TNL)

Louisiana State Employees Retirement System purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,300 shares of the company’s stock, valued at approximately $794,000.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Travel + Leisure by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 10,255,690 shares of the company’s stock worth $376,691,000 after acquiring an additional 322,624 shares in the last quarter. AQR Capital Management LLC raised its holdings in Travel + Leisure by 34.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock valued at $63,830,000 after acquiring an additional 447,938 shares during the last quarter. Copeland Capital Management LLC raised its holdings in Travel + Leisure by 0.6% in the 3rd quarter. Copeland Capital Management LLC now owns 1,543,199 shares of the company’s stock valued at $56,682,000 after acquiring an additional 8,699 shares during the last quarter. LSV Asset Management raised its holdings in Travel + Leisure by 2.0% in the 3rd quarter. LSV Asset Management now owns 572,309 shares of the company’s stock valued at $21,021,000 after acquiring an additional 11,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Travel + Leisure by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 510,173 shares of the company’s stock valued at $18,739,000 after acquiring an additional 5,600 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

TNL has been the subject of several analyst reports. Mizuho initiated coverage on Travel + Leisure in a report on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 price target for the company. Truist Financial boosted their price objective on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. JMP Securities started coverage on shares of Travel + Leisure in a research note on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price objective for the company. Barclays boosted their price objective on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Jefferies Financial Group raised shares of Travel + Leisure from a “hold” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $57.00 in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.86.

Travel + Leisure Trading Up 0.2 %

Shares of Travel + Leisure stock opened at $45.79 on Friday. The company has a fifty day moving average price of $45.53 and a 200 day moving average price of $40.49. Travel + Leisure Co. has a twelve month low of $32.10 and a twelve month high of $49.02. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 43.80%. The firm had revenue of $916.00 million during the quarter, compared to analysts’ expectations of $904.54 million. During the same period in the prior year, the company earned $0.89 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. Analysts forecast that Travel + Leisure Co. will post 5.42 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.37%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 20th. Travel + Leisure’s dividend payout ratio is 36.83%.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Kimberly Marshall sold 4,953 shares of the company’s stock in a transaction dated Sunday, March 10th. The shares were sold at an average price of $45.24, for a total value of $224,073.72. Following the completion of the transaction, the insider now directly owns 54,657 shares of the company’s stock, valued at approximately $2,472,682.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Travel + Leisure news, insider James J. Savina sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the transaction, the insider now directly owns 15,860 shares of the company’s stock, valued at approximately $716,554.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kimberly Marshall sold 4,953 shares of the company’s stock in a transaction dated Sunday, March 10th. The shares were sold at an average price of $45.24, for a total transaction of $224,073.72. Following the completion of the transaction, the insider now directly owns 54,657 shares of the company’s stock, valued at $2,472,682.68. The disclosure for this sale can be found here. Insiders sold a total of 28,922 shares of company stock valued at $1,318,358 in the last ninety days. Insiders own 4.02% of the company’s stock.

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.