Morningstar (MORN) Stock Is Up, What You Need To Know

Morningstar (MORN) shares rose 4.5% to $199.61 after OpenAI integrated PitchBook's data into ChatGPT for Financial Services. The platform uses GPT-6 Astra for financial modeling and report creation, enhancing workflows for analysts. Investors view this as a validation of PitchBook's data and a potential licensing opportunity. Morningstar's stock is volatile, down 5.1% YTD and 19.8% from its 52-week high.

Stocks of Morningstar, Moody's, Goldman Sachs, Lazard, and StoneX rose 2.9%-3.3% after Fed Governor Waller signaled support for steady interest rates, citing disinflation trends. Waller noted PCE inflation dropped from 4.76% to 3.05% but warned of uncertainties. Market-implied odds for a September rate hike fell to 48.4%.

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.