Kinsale Capital Group Inc. grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,463 shares of the company’s stock after buying an additional 1,702 shares during the quarter. Marriott International accounts for about 1.7% of Kinsale Capital Group Inc.’s investment portfolio, making the stock its 24th largest holding. Kinsale Capital Group Inc.’s holdings in Marriott International were worth $10,618,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. acquired a new position in Marriott International during the 4th quarter worth $27,000. McMillan Office Inc. bought a new position in shares of Marriott International during the fourth quarter worth about $27,000. Triumph Capital Management acquired a new position in Marriott International in the third quarter worth about $28,000. Basepoint Wealth LLC bought a new stake in Marriott International in the fourth quarter valued at about $28,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in Marriott International during the fourth quarter valued at approximately $31,000. 70.70% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently commented on MAR. Mizuho lifted their target price on Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Susquehanna raised their price target on Marriott International from $280.00 to $385.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Barclays raised their target price on Marriott International from $372.00 to $376.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. upped their price target on shares of Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Finally, Truist Financial increased their price objective on shares of Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $385.38.
Marriott International Price Performance
MAR opened at $366.24 on Friday. The stock’s 50 day moving average price is $376.48 and its 200 day moving average price is $350.20. The stock has a market cap of $96.57 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.91 and a beta of 1.11. Marriott International, Inc. has a 12 month low of $253.76 and a 12 month high of $410.98.
Marriott International (NASDAQ:MAR – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $6.59 billion. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.32 earnings per share. Marriott International has set its FY 2026 guidance at 11.380-11.630 EPS and its Q2 2026 guidance at 2.990-3.060 EPS. Equities analysts anticipate that Marriott International, Inc. will post 11.64 EPS for the current year.
Marriott International Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 22nd. This is a positive change from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s dividend payout ratio is 30.64%.
Insider Activity at Marriott International
In other news, EVP Peggy Roe sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $361.56, for a total value of $1,084,680.00. Following the completion of the sale, the executive vice president directly owned 19,827 shares of the company’s stock, valued at approximately $7,168,650.12. This represents a 13.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.43% of the company’s stock.
About Marriott International
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
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