Kinsale Capital Group Inc. boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,761 shares of the company’s stock after buying an additional 1,472 shares during the period. Marriott International accounts for approximately 1.6% of Kinsale Capital Group Inc.’s portfolio, making the stock its 26th biggest holding. Kinsale Capital Group Inc.’s holdings in Marriott International were worth $9,543,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in MAR. Brighton Jones LLC increased its position in Marriott International by 2.5% during the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock worth $2,479,000 after buying an additional 218 shares during the period. Empowered Funds LLC grew its stake in shares of Marriott International by 39.1% in the 1st quarter. Empowered Funds LLC now owns 5,805 shares of the company’s stock valued at $1,383,000 after purchasing an additional 1,631 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Marriott International by 39.6% in the first quarter. Woodline Partners LP now owns 19,332 shares of the company’s stock valued at $4,605,000 after purchasing an additional 5,480 shares during the period. Intech Investment Management LLC increased its holdings in shares of Marriott International by 21.8% in the first quarter. Intech Investment Management LLC now owns 6,035 shares of the company’s stock valued at $1,438,000 after purchasing an additional 1,079 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Marriott International by 3.8% in the second quarter. Sei Investments Co. now owns 137,329 shares of the company’s stock valued at $37,520,000 after purchasing an additional 5,007 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.
Marriott International Price Performance
Marriott International stock opened at $353.17 on Friday. Marriott International, Inc. has a 1-year low of $253.55 and a 1-year high of $380.00. The company has a market cap of $93.13 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 2.81 and a beta of 1.11. The stock’s 50 day moving average price is $343.48 and its 200 day moving average price is $323.01.
Marriott International Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Marriott International’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, May 22nd. Marriott International’s dividend payout ratio (DPR) is presently 28.12%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on MAR shares. JPMorgan Chase & Co. boosted their target price on Marriott International from $356.00 to $383.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Mizuho boosted their target price on Marriott International from $343.00 to $384.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Barclays boosted their target price on Marriott International from $372.00 to $376.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Truist Financial boosted their target price on Marriott International from $283.00 to $350.00 and gave the company a “hold” rating in a report on Wednesday, February 11th. Finally, Evercore boosted their target price on Marriott International from $320.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $376.13.
Read Our Latest Stock Report on MAR
Insider Transactions at Marriott International
In related news, EVP Benjamin T. Breland sold 2,000 shares of Marriott International stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $358.03, for a total value of $716,060.00. Following the sale, the executive vice president directly owned 26,399 shares in the company, valued at $9,451,633.97. The trade was a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony Capuano sold 63,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $359.22, for a total value of $22,630,860.00. Following the sale, the chief executive officer owned 113,617 shares in the company, valued at approximately $40,813,498.74. The trade was a 35.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 93,028 shares of company stock valued at $33,377,271. 11.43% of the stock is owned by company insiders.
About Marriott International
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
Recommended Stories
- Five stocks we like better than Marriott International
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MAR – Free Report).
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.
