Insider Selling: Morningstar, Inc. (NASDAQ:MORN) Chairman Sells 8,393 Shares of Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 8,393 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $327.89, for a total value of $2,751,980.77. Following the transaction, the chairman now owns 10,096,098 shares in the company, valued at $3,310,409,573.22. The trade was a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Morningstar Stock Down 0.2 %

NASDAQ MORN traded down $0.60 during mid-day trading on Monday, hitting $321.98. The company’s stock had a trading volume of 160,554 shares, compared to its average volume of 114,671. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 42.53 and a beta of 1.20. The company’s 50 day simple moving average is $330.24 and its 200 day simple moving average is $329.93. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. Morningstar, Inc. has a twelve month low of $281.37 and a twelve month high of $365.00.

Morningstar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 3rd will be given a dividend of $0.455 per share. The ex-dividend date is Friday, October 3rd. This is an increase from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a dividend yield of 0.57%. Morningstar’s payout ratio is presently 24.04%.

Hedge Funds Weigh In On Morningstar

Hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp purchased a new stake in shares of Morningstar in the fourth quarter worth approximately $915,000. Forum Financial Management LP purchased a new stake in Morningstar in the 4th quarter valued at $223,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Morningstar by 10.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,337 shares of the business services provider’s stock worth $33,116,000 after acquiring an additional 9,658 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Morningstar by 795.7% in the 4th quarter. Two Sigma Advisers LP now owns 20,600 shares of the business services provider’s stock worth $6,937,000 after acquiring an additional 18,300 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Morningstar in the fourth quarter valued at about $12,203,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Morningstar from a “buy” rating to a “hold” rating in a report on Monday, February 17th.

Morningstar Company Profile

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.