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In the most recent transaction, Travel & Leisure, Inc. (NYSE:TNL) Director George Herrera sold 2,969 shares of the company's common stock at an average price of $45.33 per share, for a total sale of approximately $134,592. . The sale was reported in a filing with the Securities and Exchange Commission dated March 15, 2024.
The transaction adjusted Mr. Herrera's direct ownership interest in the company, leaving him with 2,193 shares of common stock, as indicated in a footnote to the filing. Additionally, the filing notes that Herrera previously reported holdings totaling 6,352 restricted stock units and 42,687 deferred stock units.
Investors often focus on insider transactions as they can learn about management's views on a company's performance and future. Stock sales by directors like Herrera can be interpreted in a variety of ways, but without additional context, this is one of many trades insiders might make to manage their personal finances. It's nothing more than that.
Travel & Leisure, known for its portfolio of travel and leisure businesses, has not released any public statements regarding the transaction, which remains part of the company's broader financial activities. Travel & Leisure Co. shareholders and potential investors should consider all available information when evaluating investment decisions.
Investment Pro Insights
Investors may find new context for the company's financial health and market performance given the recent insider selling by George Herrera, director of Travel & Leisure, Inc. (NYSE:TNL). Travel & Leisure has a market capitalization of approximately $3.27 billion and a significantly lower P/E ratio of 7.92x as of the trailing twelve months ending in Q4 2023, according to InvestingPro data. This suggests that the company is trading at a discount. compared to short-term revenue growth potential.
InvestingPro Tips highlights that management is actively buying back stock, which can be seen as a sign of confidence in the company's valuation and future prospects. Additionally, Travel & Leisure Co. has maintained its dividend for his 18th consecutive year, and in the past 12 months as of Q4 2023, he has recorded a significant dividend increase of 25%, which represents a significant increase in dividends for shareholders. It reflects our commitment to returning value. The company's dividend yield is a healthy 4.4%, making it an attractive option for income-oriented investors.
For those interested in deeper analysis, InvestingPro provides additional tips on Travel & Leisure Co., including insights on the company's liquidity, profitability, and stock price volatility. To access these valuable tips and more, visit our dedicated page at https://www.investing.com/pro/TNL and consider using our coupon code. pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions. Now, we have 9 additional of his InvestingPro Tips for Travel & Leisure Co. that may help you with your investment decisions even more.
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