Nisa Investment Advisors LLC Boosts Stock Position in Travel + Leisure Co. $TNL

Nisa Investment Advisors LLC boosted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 61.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,074 shares of the company’s stock after acquiring an additional 46,276 shares during the quarter. Nisa Investment Advisors LLC owned about 0.19% of Travel + Leisure worth $6,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Elequin Capital LP acquired a new position in Travel + Leisure during the first quarter worth $30,000. Geneos Wealth Management Inc. grew its stake in shares of Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after purchasing an additional 715 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Travel + Leisure in the 2nd quarter valued at about $45,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Travel + Leisure in the first quarter valued at about $54,000. Finally, Rossby Financial LCC purchased a new stake in Travel + Leisure during the first quarter worth about $55,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Down 1.8%

Shares of NYSE TNL opened at $64.61 on Wednesday. The stock has a market capitalization of $4.16 billion, a PE ratio of 10.63, a P/E/G ratio of 0.64 and a beta of 1.47. The firm has a fifty day moving average of $61.67 and a 200-day moving average of $55.29. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $70.43.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $1.57 EPS. The company’s revenue was up 5.1% on a year-over-year basis. Equities research analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, September 12th. Travel + Leisure’s payout ratio is currently 36.84%.

Insider Activity

In related news, insider Jeffrey Myers sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $66.38, for a total value of $3,319,000.00. Following the sale, the insider directly owned 63,789 shares in the company, valued at $4,234,313.82. This trade represents a 43.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 2,200 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $60.48, for a total value of $133,056.00. Following the transaction, the director directly owned 559 shares in the company, valued at $33,808.32. This trade represents a 79.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 127,244 shares of company stock valued at $8,408,698 over the last quarter. Corporate insiders own 3.75% of the company’s stock.

Analyst Upgrades and Downgrades

TNL has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday, October 8th. The Goldman Sachs Group raised their target price on shares of Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Barclays upped their price target on shares of Travel + Leisure from $54.00 to $63.00 and gave the company an “underweight” rating in a report on Thursday, October 23rd. JMP Securities upped their target price on Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research note on Thursday, October 23rd. Finally, Mizuho set a $86.00 price target on Travel + Leisure in a research report on Wednesday, October 22nd. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.90.

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.