Principal Financial Group Inc. Sells 7,809 Shares of Huron Consulting Group Inc. $HURN

Principal Financial Group Inc. reduced its holdings in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 1.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 469,054 shares of the business services provider’s stock after selling 7,809 shares during the quarter. Principal Financial Group Inc.’s holdings in Huron Consulting Group were worth $59,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Maseco LLP acquired a new position in shares of Huron Consulting Group in the fourth quarter valued at approximately $29,000. Strs Ohio bought a new position in Huron Consulting Group during the 4th quarter worth $35,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Huron Consulting Group during the third quarter worth $35,000. Advisory Services Network LLC acquired a new stake in shares of Huron Consulting Group during the third quarter worth $36,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Huron Consulting Group in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Transactions at Huron Consulting Group

In other Huron Consulting Group news, Director Joy Brown sold 1,821 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $105.01, for a total value of $191,223.21. Following the completion of the transaction, the director owned 8,575 shares of the company’s stock, valued at $900,460.75. This represents a 17.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Debra Zumwalt sold 598 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $118.44, for a total transaction of $70,827.12. Following the completion of the transaction, the director owned 27,201 shares of the company’s stock, valued at approximately $3,221,686.44. This trade represents a 2.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 2,862 shares of company stock valued at $314,519. 2.07% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on HURN shares. Barrington Research restated an “outperform” rating on shares of Huron Consulting Group in a research note on Wednesday, June 17th. Weiss Ratings downgraded shares of Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Truist Financial decreased their target price on shares of Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Wall Street Zen cut shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $160.00 price target on shares of Huron Consulting Group in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $184.25.

Huron Consulting Group Price Performance

Huron Consulting Group stock opened at $114.80 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.22 and a current ratio of 2.22. Huron Consulting Group Inc. has a 52 week low of $84.88 and a 52 week high of $186.77. The stock has a market capitalization of $1.86 billion, a P/E ratio of 19.59 and a beta of 0.12. The stock has a fifty day moving average of $104.45 and a 200-day moving average of $130.92.

Huron Consulting Group (NASDAQ:HURN) last released its quarterly earnings data on Tuesday, May 5th. The business services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.15. Huron Consulting Group had a return on equity of 29.41% and a net margin of 5.94%.The business had revenue of $451.77 million for the quarter, compared to analyst estimates of $437.12 million. During the same period last year, the firm posted $1.68 earnings per share. Huron Consulting Group’s revenue was up 12.1% compared to the same quarter last year. Huron Consulting Group has set its FY 2026 guidance at 8.350-9.150 EPS. On average, sell-side analysts expect that Huron Consulting Group Inc. will post 8.71 earnings per share for the current fiscal year.

Huron Consulting Group Profile

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.