Kinsale Capital Group Inc. Takes $3.77 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Kinsale Capital Group Inc. bought a new position in Marriott International, Inc. (NASDAQ:MAR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,161 shares of the company’s stock, valued at approximately $3,769,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bangor Savings Bank increased its holdings in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after buying an additional 59 shares during the period. Hantz Financial Services Inc. bought a new stake in Marriott International in the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new stake in shares of Marriott International during the second quarter valued at approximately $28,000. Silvant Capital Management LLC purchased a new position in shares of Marriott International in the third quarter worth $31,000. Finally, Unique Wealth Strategies LLC bought a new stake in Marriott International during the 2nd quarter valued at $35,000. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Down 1.1 %

Shares of MAR opened at $278.78 on Friday. Marriott International, Inc. has a 52 week low of $200.94 and a 52 week high of $289.04. The stock has a market cap of $77.47 billion, a P/E ratio of 29.16, a P/E/G ratio of 5.48 and a beta of 1.58. The business’s 50 day moving average price is $256.59 and its 200-day moving average price is $241.77.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 earnings per share. On average, equities analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

Insider Activity at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,108 shares of company stock valued at $3,434,439 over the last 90 days. Corporate insiders own 12.32% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the topic of a number of analyst reports. Sanford C. Bernstein boosted their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. TD Cowen reduced their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. Finally, Mizuho boosted their price objective on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $259.00.

Marriott International Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.