Empire Life Investments Inc. Has $1.91 Million Stake in Morningstar, Inc. (NASDAQ:MORN)

Empire Life Investments Inc. lifted its stake in Morningstar, Inc. (NASDAQ:MORNFree Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,659 shares of the business services provider’s stock after acquiring an additional 128 shares during the quarter. Empire Life Investments Inc.’s holdings in Morningstar were worth $1,906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MORN. Massachusetts Financial Services Co. MA increased its position in shares of Morningstar by 60.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,007,748 shares of the business services provider’s stock valued at $236,055,000 after acquiring an additional 380,391 shares during the last quarter. Wellington Management Group LLP bought a new stake in Morningstar in the third quarter valued at approximately $81,798,000. 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. Principal Financial Group Inc. raised its stake in Morningstar by 76.1% in the third quarter. Principal Financial Group Inc. now owns 206,133 shares of the business services provider’s stock valued at $48,284,000 after buying an additional 89,099 shares during the period. Finally, 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. Institutional investors and hedge funds own 57.02% of the company’s stock.

Insider Buying and Selling at Morningstar

In other Morningstar news, Chairman Joseph D. Mansueto sold 8,993 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $275.94, for a total value of $2,481,528.42. Following the sale, the chairman now owns 10,899,717 shares of the company’s stock, valued at approximately $3,007,667,908.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Morningstar news, Chairman Joseph D. Mansueto sold 8,993 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $275.94, for a total value of $2,481,528.42. Following the sale, the chairman now owns 10,899,717 shares of the company’s stock, valued at approximately $3,007,667,908.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Joseph D. Mansueto sold 12,650 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $298.12, for a total value of $3,771,218.00. Following the completion of the sale, the chairman now directly owns 10,859,171 shares in the company, valued at approximately $3,237,336,058.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,211 shares of company stock valued at $28,662,764. 37.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on MORN. 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 Report on MORN

Morningstar Stock Performance

Shares of Morningstar stock traded up $0.86 on Tuesday, hitting $297.26. The stock had a trading volume of 74,396 shares, compared to its average volume of 122,646. Morningstar, Inc. has a twelve month low of $185.15 and a twelve month high of $316.05. The business’s 50 day moving average is $301.82 and its two-hundred day moving average is $286.28. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.66. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 60.05 and a beta of 1.15.

Morningstar (NASDAQ:MORNGet Free Report) last posted its earnings results on Wednesday, April 24th. The business services provider reported $1.73 EPS 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 0.54%. The ex-dividend date of this dividend was Thursday, April 4th. Morningstar’s dividend payout ratio is currently 32.73%.

About Morningstar

(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.

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Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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