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Travel & Leisure Co. (NYSE:TNL) President and CEO Michael Dean Brown recently made a significant purchase of company stock. According to a recent SEC filing, Brown acquired 2,000 shares of common stock on March 13, 2025. The shares were bought at a weighted average price of approximately $46.66, amounting to a total transaction value of $93,313. This acquisition increases Brown’s direct ownership to 408,706 shares in the company. The purchase was executed in multiple transactions with prices ranging from $46.64 to $46.66 per share. The timing appears opportune, as InvestingPro analysis shows the stock trading at an attractive P/E ratio of 8.0 and offering a 4.6% dividend yield, with 19 consecutive years of dividend maintenance. For deeper insights into insider trading patterns and 12 additional exclusive ProTips, explore TNL’s comprehensive analysis on InvestingPro.
In other recent news, Travel + Leisure Co. reported its fourth-quarter 2024 financial results, surpassing analyst expectations with an earnings per share (EPS) of $1.72, compared to the forecasted $1.62. The company achieved a fourth-quarter revenue of $975 million, with Vacation Ownership revenue increasing by 5% to $813 million. Despite a slight decline in its Travel and Membership segment, Travel + Leisure’s Vacation Ownership Interest sales grew by 11% to $456 million. Analysts from Tigress Financial, Mizuho (NYSE:MFG) Securities, Goldman Sachs, and Citizens JMP have revised their price targets for Travel + Leisure, reflecting confidence in the company’s performance and future prospects. Tigress Financial raised its target to $70, maintaining a Buy rating, while Mizuho and Goldman Sachs increased their targets to $64 and $62, respectively, both retaining a Neutral rating. Citizens JMP also raised its target to $60, maintaining a Market Outperform rating. Travel + Leisure’s strategic initiatives, including partnerships with Allegiant Airlines and Live Nation, and the acquisition of Accor (EPA:ACCP) Vacation Club, are seen as growth drivers. The company has also proposed a 12% increase in its quarterly dividend, pending board approval, as part of its commitment to returning value to shareholders.
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