Kinsale Capital Group Inc. Boosts Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Kinsale Capital Group Inc. increased its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,339 shares of the company's stock after purchasing an additional 4,178 shares during the quarter. Kinsale Capital Group Inc.'s holdings in Marriott International were worth $5,394,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MAR. Sound Income Strategies LLC boosted its stake in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after purchasing an additional 89 shares in the last quarter. Silvant Capital Management LLC purchased a new stake in Marriott International during the third quarter worth $31,000. Darwin Wealth Management LLC purchased a new position in shares of Marriott International in the 3rd quarter valued at $33,000. Wingate Wealth Advisors Inc. bought a new position in shares of Marriott International in the 4th quarter worth $33,000. Finally, ORG Partners LLC lifted its stake in shares of Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company's stock worth $38,000 after purchasing an additional 84 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Macquarie reissued a "neutral" rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Susquehanna increased their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. BMO Capital Markets lifted their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a "market perform" rating in a report on Tuesday, November 5th. Stifel Nicolaus increased their price objective on Marriott International from $252.00 to $283.00 and gave the company a "hold" rating in a report on Tuesday, November 26th. Finally, Mizuho boosted their target price on Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $284.05.

Insider Activity

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This represents a 50.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now directly owns 4,551 shares of the company's stock, valued at $1,262,811.48. The trade was a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock worth $8,938,132 over the last three months. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Price Performance

MAR stock traded down $0.10 during trading on Monday, hitting $280.35. 564,301 shares of the company traded hands, compared to its average volume of 1,578,533. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The stock's 50-day simple moving average is $283.20 and its 200 day simple moving average is $267.65. The company has a market cap of $77.29 billion, a PE ratio of 33.70, a P/E/G ratio of 3.42 and a beta of 1.57.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. Marriott International's dividend payout ratio is currently 30.29%.

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.