Severin Investments LLC Invests $942,000 in Travel + Leisure Co. $TNL

Severin Investments LLC acquired a new stake in Travel + Leisure Co. (NYSE:TNL) in the third quarter, HoldingsChannel.com reports. The fund acquired 15,831 shares of the company’s stock, valued at approximately $942,000. Travel + Leisure accounts for 0.8% of Severin Investments LLC’s portfolio, making the stock its 29th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in TNL. Royal Bank of Canada grew its holdings in Travel + Leisure by 42.0% during the first quarter. Royal Bank of Canada now owns 91,184 shares of the company’s stock worth $4,222,000 after acquiring an additional 26,965 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Travel + Leisure in the first quarter valued at about $396,000. Millennium Management LLC increased its holdings in Travel + Leisure by 129.5% in the first quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock valued at $19,141,000 after buying an additional 233,345 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Travel + Leisure by 97.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 200,286 shares of the company’s stock valued at $9,271,000 after acquiring an additional 98,647 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of Travel + Leisure during the 1st quarter valued at approximately $206,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TNL shares. Weiss Ratings downgraded Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Stifel Nicolaus set a $89.00 price target on shares of Travel + Leisure in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $90.00 price objective on shares of Travel + Leisure in a research note on Friday, February 20th. Oppenheimer restated an “outperform” rating and set a $85.00 price objective on shares of Travel + Leisure in a research report on Wednesday, February 18th. Finally, Mizuho set a $107.00 target price on Travel + Leisure in a research note on Thursday, February 19th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.90.

Insider Activity

In other Travel + Leisure news, insider Michael Dean Brown sold 25,938 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $74.85, for a total value of $1,941,459.30. Following the sale, the insider directly owned 427,821 shares of the company’s stock, valued at approximately $32,022,401.85. This trade represents a 5.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Herrera sold 1,748 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total transaction of $122,901.88. Following the transaction, the director owned 1,853 shares in the company, valued at approximately $130,284.43. The trade was a 48.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 99,664 shares of company stock valued at $7,390,847 over the last quarter. Company insiders own 3.75% of the company’s stock.

Travel + Leisure Price Performance

Travel + Leisure stock opened at $70.13 on Thursday. The stock has a market capitalization of $4.38 billion, a P/E ratio of 20.57, a P/E/G ratio of 0.53 and a beta of 1.32. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $81.00. The firm’s 50-day moving average is $72.45 and its two-hundred day moving average is $67.66.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, February 18th. The company reported $1.83 EPS for the quarter, hitting the consensus estimate of $1.83. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. Travel + Leisure’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.72 EPS. As a group, analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be given a $0.60 dividend. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is presently 65.69%.

Travel + Leisure Profile

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.