Thrivent Financial for Lutherans Has $2.15 Million Stock Position in Travel + Leisure Co. $TNL

Thrivent Financial for Lutherans cut its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 35.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,200 shares of the company’s stock after selling 20,016 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Travel + Leisure were worth $2,154,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Hillsdale Investment Management Inc. acquired a new stake in shares of Travel + Leisure in the second quarter worth $27,000. Parkside Financial Bank & Trust increased its holdings in shares of Travel + Leisure by 155.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after purchasing an additional 382 shares during the period. CNB Bank acquired a new position in shares of Travel + Leisure during the third quarter valued at about $32,000. Geneos Wealth Management Inc. raised its position in shares of Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after buying an additional 715 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Travel + Leisure in the second quarter valued at about $45,000. 87.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 559 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $68.18, for a total transaction of $38,112.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Geoffrey Richards sold 62,525 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the completion of the sale, the insider owned 39,604 shares in the company, valued at $2,580,992.68. This represents a 61.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 68,076 shares of company stock worth $4,437,347. 3.75% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JMP Securities boosted their price target 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. Barclays set a $70.00 price objective on Travel + Leisure and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. The Goldman Sachs Group boosted their price objective on Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Morgan Stanley upped their target price on Travel + Leisure from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Mizuho set a $86.00 price target on shares of Travel + Leisure in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $75.25.

Travel + Leisure Trading Up 1.3%

NYSE TNL opened at $73.96 on Wednesday. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $76.21. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.65 and a beta of 1.38. The stock’s 50 day moving average is $71.58 and its two-hundred day moving average is $65.46.

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.