Cigna Investments Inc. New Sells 44 Shares of Marriott International, Inc. (NASDAQ:MAR)

Cigna Investments Inc. New decreased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,376 shares of the company’s stock after selling 44 shares during the quarter. Cigna Investments Inc. New’s holdings in Marriott International were worth $663,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MAR. PointState Capital LP acquired a new stake in Marriott International during the 3rd quarter valued at approximately $98,249,000. Canoe Financial LP acquired a new position in shares of Marriott International in the 3rd quarter valued at $77,331,000. International Assets Investment Management LLC lifted its stake in shares of Marriott International by 15,148.3% in the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after purchasing an additional 300,543 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Marriott International by 341.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after purchasing an additional 294,898 shares during the period. Finally, Mizuho Securities USA LLC lifted its stake in shares of Marriott International by 629.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock valued at $33,554,000 after purchasing an additional 116,477 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on MAR. Barclays boosted their target price on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. boosted their price target on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus boosted their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a report on Tuesday, February 4th. Finally, Sanford C. Bernstein boosted their price target on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $276.35.

Insider Buying and Selling at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Price Performance

NASDAQ MAR opened at $304.45 on Tuesday. The firm’s 50-day moving average is $283.94 and its two-hundred day moving average is $261.01. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The stock has a market capitalization of $84.60 billion, a P/E ratio of 31.85, a PEG ratio of 4.88 and a beta of 1.57.

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.