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

Kinsale Capital Group Inc. bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 15,161 shares of the company's stock, valued at approximately $3,769,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bangor Savings Bank raised its position in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company's stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of Marriott International in the 2nd quarter worth about $26,000. MFA Wealth Advisors LLC bought a new position in shares of Marriott International in the 2nd quarter worth about $28,000. Silvant Capital Management LLC bought a new position in shares of Marriott International in the 3rd quarter worth about $31,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Marriott International in the 2nd quarter worth about $35,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Price Performance

NASDAQ MAR traded down $3.24 during trading on Friday, hitting $278.78. 1,751,074 shares of the company's stock traded hands, compared to its average volume of 1,379,158. The stock has a fifty day moving average of $256.59 and a two-hundred day moving average of $241.77. The firm has a market cap of $77.47 billion, a P/E ratio of 29.16, a PEG ratio of 5.48 and a beta of 1.58. Marriott International, Inc. has a 12-month low of $200.94 and a 12-month high of $289.04.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts' consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion for 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 business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.11 earnings per share. As a group, analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid 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 of this dividend is Thursday, November 21st. Marriott International's dividend payout ratio is 26.36%.

Insider Buying and Selling at Marriott International

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

Analyst Ratings Changes

MAR has been the subject of a number of research analyst reports. Truist Financial decreased their target price on Marriott International from $263.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, August 6th. UBS Group decreased their target price on Marriott International from $267.00 to $244.00 and set a "neutral" rating for the company in a research report on Tuesday, August 13th. BMO Capital Markets boosted their target price on Marriott International from $255.00 to $265.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th. Barclays lifted their price target on Marriott International from $240.00 to $249.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird lifted their price target on Marriott International from $258.00 to $264.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.