MetLife Investment Management LLC Has $4.84 Million Holdings in Morningstar, Inc. (NASDAQ:MORN)

MetLife Investment Management LLC lifted its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 1.2% in the 3rd quarter, Holdings Channel reports. The fund owned 15,159 shares of the business services provider’s stock after acquiring an additional 179 shares during the quarter. MetLife Investment Management LLC’s holdings in Morningstar were worth $4,838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MORN. Massachusetts Financial Services Co. MA lifted its holdings in shares of Morningstar by 9.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,201,708 shares of the business services provider’s stock valued at $383,489,000 after purchasing an additional 102,206 shares in the last quarter. FMR LLC lifted its stake in Morningstar by 10.9% in the 3rd quarter. FMR LLC now owns 400,520 shares of the business services provider’s stock valued at $127,814,000 after acquiring an additional 39,263 shares in the last quarter. Millennium Management LLC boosted its position in Morningstar by 154.0% during the 2nd quarter. Millennium Management LLC now owns 320,186 shares of the business services provider’s stock worth $94,727,000 after acquiring an additional 194,122 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Morningstar by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 272,075 shares of the business services provider’s stock worth $80,492,000 after acquiring an additional 4,722 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Morningstar by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 191,765 shares of the business services provider’s stock valued at $61,196,000 after purchasing an additional 5,045 shares during the last quarter. 57.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MORN has been the subject of several recent research reports. BMO Capital Markets restated an “outperform” rating and set a $352.00 target price on shares of Morningstar in a report on Wednesday, August 28th. UBS Group started coverage on Morningstar in a report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price objective for the company. StockNews.com cut Morningstar from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Finally, Redburn Atlantic lowered Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price target on the stock. in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Morningstar currently has a consensus rating of “Moderate Buy” and an average target price of $360.67.

Insider Transactions at Morningstar

In related news, Chairman Joseph D. Mansueto sold 118 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $342.13, for a total transaction of $40,371.34. Following the transaction, the chairman now directly owns 10,788,378 shares of the company’s stock, valued at approximately $3,691,027,765.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William M. Lyons sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $331.88, for a total transaction of $248,910.00. Following the transaction, the director now directly owns 12,840 shares in the company, valued at $4,261,339.20. This represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,019 shares of company stock worth $19,531,012 over the last quarter. Company insiders own 39.90% of the company’s stock.

Morningstar Price Performance

NASDAQ:MORN opened at $354.15 on Monday. Morningstar, Inc. has a 12-month low of $269.51 and a 12-month high of $359.50. The firm has a market capitalization of $15.19 billion, a price-to-earnings ratio of 46.78 and a beta of 1.18. The stock’s 50 day moving average price is $336.06 and its two-hundred day moving average price is $315.16. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.55.

Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.01). The company had revenue of $569.40 million for the quarter. Morningstar had a return on equity of 23.28% and a net margin of 14.69%.

Morningstar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.62 annualized dividend and a yield of 0.46%. Morningstar’s dividend payout ratio (DPR) is presently 21.40%.

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.