Travel + Leisure (NYSE:TNL) Insider Michael Dean Brown Sells 66,860 Shares of Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 66,860 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $74.03, for a total value of $4,949,645.80. Following the transaction, the insider owned 427,821 shares of the company’s stock, valued at approximately $31,671,588.63. This trade represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Michael Dean Brown also recently made the following trade(s):

• On Tuesday, February 24th, Michael Dean Brown sold 25,938 shares of Travel + Leisure stock. The stock was sold at an average price of $74.85, for a total transaction of $1,941,459.30.

Travel + Leisure Price Performance

TNL stock traded up $1.28 on Thursday, reaching $76.84. 52,390 shares of the company were exchanged, compared to its average volume of 611,154. The firm has a market capitalization of $4.79 billion, a PE ratio of 22.58, a PEG ratio of 0.57 and a beta of 1.38. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $81.00. The stock’s fifty day moving average price is $72.45 and its 200 day moving average price is $66.47.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. 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. Wells Fargo & Company upped their target price on Travel + Leisure from $81.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $90.00 price target on shares of Travel + Leisure in a research note on Friday, February 20th. Finally, Weiss Ratings cut shares of Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TNL. PNC Financial Services Group Inc. grew its holdings in shares of Travel + Leisure by 2.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock worth $408,000 after purchasing an additional 148 shares during the last quarter. Rossby Financial LCC boosted its position in Travel + Leisure by 13.1% in the third quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock valued at $85,000 after buying an additional 163 shares in the last quarter. Optas LLC grew its stake in Travel + Leisure by 4.3% during the third quarter. Optas LLC now owns 4,542 shares of the company’s stock worth $270,000 after buying an additional 189 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Travel + Leisure by 19.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock worth $59,000 after buying an additional 189 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Travel + Leisure by 17.8% in the fourth quarter. Signaturefd LLC now owns 1,276 shares of the company’s stock valued at $90,000 after acquiring an additional 193 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Company 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.