Kinsale Capital Group Inc. Buys 2,963 Shares of Marriott International, Inc. $MAR

Kinsale Capital Group Inc. boosted its stake in Marriott International, Inc. (NASDAQ:MAR) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,297 shares of the company’s stock after acquiring an additional 2,963 shares during the period. Marriott International accounts for about 1.5% of Kinsale Capital Group Inc.’s holdings, making the stock its 29th biggest position. Kinsale Capital Group Inc.’s holdings in Marriott International were worth $7,185,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. AlphaQuest LLC lifted its stake in Marriott International by 2,750.0% in the second quarter. AlphaQuest LLC now owns 114 shares of the company’s stock valued at $31,000 after purchasing an additional 110 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Marriott International in the first quarter valued at $30,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Marriott International during the 2nd quarter worth $38,000. Westside Investment Management Inc. increased its holdings in Marriott International by 198.0% in the 2nd quarter. Westside Investment Management Inc. now owns 149 shares of the company’s stock worth $41,000 after acquiring an additional 99 shares during the last quarter. Finally, Quaker Wealth Management LLC raised its stake in Marriott International by 203.4% in the 2nd quarter. Quaker Wealth Management LLC now owns 150 shares of the company’s stock valued at $41,000 after acquiring an additional 295 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 3.6%

NASDAQ:MAR opened at $291.16 on Friday. The business’s 50-day moving average is $266.60 and its 200 day moving average is $265.09. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52. The company has a market capitalization of $78.13 billion, a P/E ratio of 30.75, a P/E/G ratio of 2.90 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.09. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS. FY 2025 guidance at 9.980-10.060 EPS. On average, research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International announced that its Board of Directors has initiated a stock repurchase plan on Thursday, August 7th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, November 20th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 20th. Marriott International’s dividend payout ratio (DPR) is presently 28.30%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a research note on Wednesday. Barclays upped their price target on Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a research report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. Morgan Stanley cut their price objective on Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Finally, Truist Financial increased their target price on Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $286.40.

About Marriott International

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.