American International Group Inc. Has $10.13 Million Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

American International Group Inc. cut its stake in shares of Morningstar, Inc. (NASDAQ:MORNFree Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,405 shares of the business services provider’s stock after selling 1,480 shares during the period. American International Group Inc. owned 0.08% of Morningstar worth $10,134,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MORN. Wellington Management Group LLP bought a new stake in Morningstar in the third quarter valued at approximately $81,798,000. Norges Bank bought a new stake in Morningstar in the fourth quarter valued at approximately $85,814,000. Bamco Inc. NY raised its stake in Morningstar by 8.0% in the third quarter. Bamco Inc. NY now owns 1,326,608 shares of the business services provider’s stock valued at $310,745,000 after buying an additional 98,191 shares during the period. Vanguard Group Inc. raised its stake in Morningstar by 3.0% in the third quarter. Vanguard Group Inc. now owns 2,552,858 shares of the business services provider’s stock valued at $597,981,000 after buying an additional 75,275 shares during the period. Finally, Northern Trust Corp raised its stake in Morningstar by 58.0% in the third quarter. Northern Trust Corp now owns 191,771 shares of the business services provider’s stock valued at $44,920,000 after buying an additional 70,428 shares during the period. 57.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MORN shares. StockNews.com upgraded Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. TheStreet upgraded Morningstar from a “c” rating to a “b” rating in a research note on Friday, February 23rd.

Check Out Our Latest Analysis on MORN

Insider Buying and Selling

In related news, Chairman Joseph D. Mansueto sold 1,297 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $307.69, for a total transaction of $399,073.93. Following the sale, the chairman now owns 10,775,526 shares of the company’s stock, valued at $3,315,521,594.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Morningstar news, Chairman Joseph D. Mansueto sold 397 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $294.77, for a total value of $117,023.69. Following the sale, the chairman now owns 10,641,912 shares of the company’s stock, valued at approximately $3,136,916,400.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Joseph D. Mansueto sold 1,297 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $307.69, for a total value of $399,073.93. Following the completion of the sale, the chairman now directly owns 10,775,526 shares in the company, valued at approximately $3,315,521,594.94. The disclosure for this sale can be found here. Insiders have sold 76,059 shares of company stock valued at $22,456,771 over the last 90 days. 39.90% of the stock is owned by corporate insiders.

Morningstar Price Performance

Shares of NASDAQ MORN opened at $287.89 on Friday. The firm has a market cap of $12.31 billion, a P/E ratio of 58.16 and a beta of 1.16. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.66. Morningstar, Inc. has a 1-year low of $185.15 and a 1-year high of $316.05. The business’s 50 day moving average is $297.42 and its 200-day moving average is $289.82.

Morningstar (NASDAQ:MORNGet Free Report) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.73 earnings per share for the quarter. The company had revenue of $542.80 million for the quarter. Morningstar had a return on equity of 21.79% and a net margin of 10.13%.

Morningstar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, April 4th. Morningstar’s dividend payout ratio is currently 32.73%.

Morningstar Company Profile

(Free Report)

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.

See Also

Want to see what other hedge funds are holding MORN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morningstar, Inc. (NASDAQ:MORNFree Report).

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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