Mansueto Joseph D sold $1.2M of MORN

Morningstar DBRS said American Family Mutual Insurance will acquire Bowhead Specialty Holdings under a definitive agreement, and the deal should not change Bowhead’s credit ratings or trends. DBRS cited American Family’s improving 2025 statutory net income of $3.2B and expects broader resources and distribution. Transaction values Bowhead at about $1.2B, expected to close before end-2026.

Morningstar (NASDAQ: MORN) reported Q2 CY2026 revenue of $663.2 million, up 9.6% year on year, exceeding Wall Street estimates by 2.2%, according to the company. GAAP profit was $2.83 per share, 14.6% above analysts’ consensus. The stock was flat at $199.53 after the results.

Morningstar, Inc. (MORN) filed an SEC Form 8-K — Results of Operations and Financial Condition. News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc. Reports Second-Quarter 2026 Financial Results CHICAGO, July 29, 2026 - Morningstar, Inc. (Nasdaq: MORN), a leading provider

PitchBook, a Morningstar unit, reported Q1 2026 revenue of $172.4M (+5.3% YoY), with growth slowing and venture and corporate clients remaining soft. Morningstar Credit revenue rose 38.4% to $101.0M, with adjusted operating margin up 11.5 points to 40.8%. Consolidated Q1 organic revenue grew 7.6% to $644.8M reported, aided by CRSP’s $365M Feb close. Morningstar also accelerated buybacks: $787M in 2025 and $300M in Q1 2026, cutting diluted shares by 7.3% in 2025.

The article says AI agents are moving beyond chatbots to perform tasks such as reading earnings transcripts, building financial models, and completing compliance reviews. It cites Anthropic’s launch of 10 finance-focused agents and says major banks and others (JPMorgan, Goldman Sachs, Citigroup, AIG, Visa) are deploying them. It adds that data/software providers including FactSet, Thomson Reuters, S&P Global, Moody’s, and Morningstar saw share pressure.

SUBIN NEIL S purchased 3,032,354 indirectly-held shares of Optimum Communications, Inc. (OPTU) at an average of $0.81 ($0.74–$0.85, $2.45M total) across 8 trades over 2026-07-29 to 2026-08-25. Filed jointly with MILFAM LLC (10% owner).