Morningstar, Inc. (MORN) Insider Joseph D. Mansueto Sells 13,833 Shares of Stock

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Morningstar, Inc. (NASDAQ:MORN) insider Joseph D. Mansueto sold 13,833 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $125.80, for a total transaction of $1,740,191.40. Following the completion of the sale, the insider now owns 22,959,144 shares in the company, valued at approximately $2,888,260,315.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

MORN stock traded down $0.20 during midday trading on Friday, hitting $124.67. The stock had a trading volume of 110,509 shares, compared to its average volume of 108,384. The stock has a market cap of $5.38 billion, a P/E ratio of 33.80 and a beta of 0.76. Morningstar, Inc. has a 52 week low of $86.62 and a 52 week high of $144.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.82 and a quick ratio of 1.82.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Wednesday, October 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 16th. This represents a $1.00 annualized dividend and a yield of 0.80%.

Separately, BidaskClub cut Morningstar from a “hold” rating to a “sell” rating in a research report on Thursday.

Hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. lifted its position in Morningstar by 221.2% in the third quarter. Bessemer Group Inc. now owns 1,548 shares of the business services provider’s stock worth $195,000 after purchasing an additional 1,066 shares during the period. Connable Office Inc. bought a new position in Morningstar in the second quarter worth $215,000. Creative Planning bought a new position in Morningstar in the second quarter worth $217,000. Spectrum Asset Management Inc. NB CA bought a new position in Morningstar in the second quarter worth $231,000. Finally, Comerica Bank bought a new position in Morningstar in the third quarter worth $209,000. 39.56% of the stock is owned by hedge funds and other institutional investors.

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Morningstar Company Profile

Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.

See Also: Rule of 72

Insider Buying and Selling by Quarter for Morningstar (NASDAQ:MORN)

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