Thrivent Financial for Lutherans Sells 6,692 Shares of Travel + Leisure Co. (NYSE:TNL)

Thrivent Financial for Lutherans decreased its holdings in Travel + Leisure Co. (NYSE:TNL) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,783 shares of the company’s stock after selling 6,692 shares during the period. Thrivent Financial for Lutherans owned 0.22% of Travel + Leisure worth $6,872,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TNL. State of Michigan Retirement System boosted its stake in Travel + Leisure by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 17,807 shares of the company’s stock worth $872,000 after purchasing an additional 400 shares during the period. QRG Capital Management Inc. grew its stake in Travel + Leisure by 2.5% during the second quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock valued at $810,000 after acquiring an additional 432 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Travel + Leisure by 1.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,068 shares of the company’s stock valued at $1,668,000 after acquiring an additional 445 shares during the last quarter. Versant Capital Management Inc purchased a new stake in Travel + Leisure in the 2nd quarter worth $27,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after purchasing an additional 607 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Trading Up 0.9 %

Shares of NYSE:TNL opened at $45.94 on Friday. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 0.63 and a beta of 1.62. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $49.91. The firm’s 50-day moving average is $43.71 and its 200 day moving average is $44.71.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.13. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The firm had revenue of $985.00 million for the quarter, compared to the consensus estimate of $987.20 million. During the same period in the prior year, the business posted $1.33 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts forecast that Travel + Leisure Co. will post 5.67 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Friday, September 13th. Travel + Leisure’s dividend payout ratio is currently 36.83%.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now directly owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the sale, the director now owns 6,352 shares of the company’s stock, valued at $269,832.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. The disclosure for this sale can be found here. Company insiders own 4.02% of the company’s stock.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of research analyst reports. The Goldman Sachs Group began coverage on Travel + Leisure in a research report on Wednesday, September 18th. They issued a “neutral” rating and a $44.00 target price on the stock. Truist Financial cut their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Tigress Financial upped their price target on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Barclays cut shares of Travel + Leisure from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $46.00 to $40.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.33.

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.