Kinsale Capital Group Inc. Boosts Holdings in Marriott International, Inc. $MAR

Kinsale Capital Group Inc. raised its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 12.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,297 shares of the company’s stock after acquiring an additional 2,963 shares during the period. Marriott International makes up about 1.5% of Kinsale Capital Group Inc.’s investment portfolio, making the stock its 29th largest position. Kinsale Capital Group Inc.’s holdings in Marriott International were worth $7,185,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Marriott International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 20,236,478 shares of the company’s stock valued at $4,820,329,000 after purchasing an additional 184,387 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Marriott International by 16.4% during the first quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company’s stock valued at $1,292,809,000 after buying an additional 766,309 shares during the period. Invesco Ltd. raised its holdings in shares of Marriott International by 18.9% in the first quarter. Invesco Ltd. now owns 4,123,836 shares of the company’s stock worth $982,298,000 after buying an additional 654,766 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Marriott International by 194.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company’s stock worth $407,242,000 after acquiring an additional 1,129,555 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Marriott International by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,514,831 shares of the company’s stock valued at $360,833,000 after acquiring an additional 37,212 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Trading Up 3.6%

Shares of NASDAQ MAR opened at $291.16 on Friday. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52. The stock’s fifty day simple moving average is $266.60 and its two-hundred day simple moving average is $265.09. The stock has a market capitalization of $78.13 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.09. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%.The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $6.46 billion. 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, equities analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 7th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Marriott International Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on MAR. Truist Financial upped their price target on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Robert W. Baird lowered their price objective on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a research report on Tuesday, October 21st. BMO Capital Markets raised their target price on shares of Marriott International from $280.00 to $285.00 and gave the stock a “market perform” rating in a research report on Wednesday. Morgan Stanley dropped their price objective on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Finally, Barclays lifted their target price on Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently 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.