Corebridge Financial Inc. Has $10.40 Million Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Corebridge Financial Inc. decreased its stake in shares of Morningstar, Inc. (NASDAQ:MORN - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,875 shares of the business services provider's stock after selling 1,353 shares during the quarter. Corebridge Financial Inc. owned about 0.07% of Morningstar worth $10,397,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Morningstar by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 2,803,611 shares of the business services provider's stock worth $944,144,000 after purchasing an additional 51,598 shares during the period. Wellington Management Group LLP lifted its position in shares of Morningstar by 0.5% in the third quarter. Wellington Management Group LLP now owns 950,512 shares of the business services provider's stock valued at $303,327,000 after buying an additional 5,158 shares during the last quarter. State Street Corp boosted its stake in shares of Morningstar by 3.7% during the 3rd quarter. State Street Corp now owns 804,293 shares of the business services provider's stock worth $256,666,000 after acquiring an additional 28,698 shares during the period. Wasatch Advisors LP increased its holdings in shares of Morningstar by 13.9% during the 3rd quarter. Wasatch Advisors LP now owns 696,023 shares of the business services provider's stock worth $222,115,000 after acquiring an additional 85,098 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Morningstar by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 497,411 shares of the business services provider's stock valued at $158,772,000 after acquiring an additional 10,437 shares during the period. Institutional investors and hedge funds own 57.02% of the company's stock.

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Insider Activity

In other news, Chairman Joseph D. Mansueto sold 9,062 shares of Morningstar stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $282.25, for a total value of $2,557,749.50. Following the transaction, the chairman now owns 10,038,270 shares in the company, valued at approximately $2,833,301,707.50. This trade represents a 0.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 59,544 shares of company stock worth $18,770,097. 39.90% of the stock is currently owned by corporate insiders.

Morningstar Stock Performance

MORN traded up $3.76 during trading on Monday, hitting $299.87. The stock had a trading volume of 190,153 shares, compared to its average volume of 126,755. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.14 and a quick ratio of 1.14. The company has a 50 day moving average price of $312.79 and a 200-day moving average price of $327.95. Morningstar, Inc. has a one year low of $278.64 and a one year high of $365.00. The firm has a market cap of $12.85 billion, a price-to-earnings ratio of 39.61 and a beta of 1.23.

Morningstar (NASDAQ:MORN - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.15. Morningstar had a net margin of 14.69% and a return on equity of 23.28%. The company had revenue of $591.00 million during the quarter, compared to analysts' expectations of $580.81 million.

Morningstar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a $0.455 dividend. This is a positive change from Morningstar's previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, April 4th. Morningstar's dividend payout ratio (DPR) is currently 21.24%.

Wall Street Analysts Forecast Growth

MORN has been the subject of a number of research analyst reports. BMO Capital Markets reduced their price objective on shares of Morningstar from $387.00 to $370.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. StockNews.com cut shares of Morningstar from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th.

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.