Travel + Leisure (NYSE:TNL) Insider Michael Dean Brown Sells 2,612 Shares

April 17, 2026 by InsiderTrades.com

Key Points

Insider Michael Dean Brown sold 8,910 shares on April 14 at an average price of $79.02 for $704,068 under a pre-arranged Rule 10b5-1 plan, trimming his stake by 1.8% but still holding 487,303 shares (~$38.5M).
Travel + Leisure raised its quarterly dividend to $0.60 (annualized $2.40, ~3.2% yield) and reported Q results of $1.83 EPS (in line) on $1.03B revenue, up 5.7% year-over-year.
Analysts are largely positive with a consensus rating of Moderate Buy and an average price target of $85.90, while the stock trades around $76 with a market cap of about $4.75 billion.

Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Michael Dean Brown sold 2,612 shares of the firm's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $79.00, for a total value of $206,348.00. Following the completion of the transaction, the insider directly owned 487,303 shares in the company, valued at $38,496,937. The trade was a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Tuesday, April 14th, Michael Dean Brown sold 8,910 shares of Travel + Leisure stock. The stock was sold at an average price of $79.02, for a total value of $704,068.20.
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 value of $1,941,459.30.
On Monday, February 23rd, Michael Dean Brown sold 66,860 shares of Travel + Leisure stock. The stock was sold at an average price of $74.03, for a total value of $4,949,645.80.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $76.08 on Friday. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 0.59 and a beta of 1.32. The stock's 50-day simple moving average is $72.68 and its two-hundred day simple moving average is $69.17. Travel + Leisure Co. has a 52-week low of $40.29 and a 52-week high of $81.00.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.83. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1 billion. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $1.72 earnings per share. As a group, equities analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, March 20th. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 3.2%. Travel + Leisure's payout ratio is 70.38%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its holdings in Travel + Leisure by 4.2% in the 4th quarter. Invesco Ltd. now owns 3,632,657 shares of the company's stock worth $256,211,000 after purchasing an additional 146,484 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Travel + Leisure by 46.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company's stock worth $138,449,000 after purchasing an additional 855,151 shares in the last quarter. LSV Asset Management lifted its holdings in Travel + Leisure by 1.1% in the 4th quarter. LSV Asset Management now owns 1,612,657 shares of the company's stock worth $113,741,000 after purchasing an additional 17,377 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Travel + Leisure by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company's stock worth $85,281,000 after purchasing an additional 10,137 shares in the last quarter. Finally, Morgan Stanley increased its stake in Travel + Leisure by 9.3% in the 4th quarter. Morgan Stanley now owns 906,101 shares of the company's stock worth $63,907,000 after acquiring an additional 77,135 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of analyst reports. Citigroup reaffirmed an "outperform" rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Wells Fargo & Company lifted their price objective on Travel + Leisure from $81.00 to $88.00 and gave the company an "overweight" rating in a research report on Thursday, February 19th. Oppenheimer reaffirmed an "outperform" rating and set a $85.00 price objective on shares of Travel + Leisure in a research report on Wednesday, February 18th. Weiss Ratings cut Travel + Leisure from a "buy (b)" rating to a "hold (c+)" rating in a research report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $90.00 price objective on shares of Travel + Leisure in a research report on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.90.

Get Our Latest Analysis on Travel + Leisure

About Travel + Leisure

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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.