Principal Financial Group Inc. Has $59.80 Million Stock Holdings in Huron Consulting Group Inc. $HURN

Principal Financial Group Inc. trimmed its position in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,054 shares of the business services provider’s stock after selling 7,809 shares during the quarter. Principal Financial Group Inc. owned 2.83% of Huron Consulting Group worth $59,800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Maseco LLP bought a new stake in shares of Huron Consulting Group in the fourth quarter worth about $29,000. Strs Ohio acquired a new position in shares of Huron Consulting Group in the 4th quarter valued at approximately $35,000. Brown Brothers Harriman & Co. bought a new stake in Huron Consulting Group during the 3rd quarter worth approximately $35,000. Advisory Services Network LLC bought a new stake in Huron Consulting Group during the 3rd quarter worth approximately $36,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Huron Consulting Group during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Barrington Research restated an “outperform” rating on shares of Huron Consulting Group in a report on Wednesday, June 17th. Truist Financial cut their price objective 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. Wedbush reaffirmed an “outperform” rating and issued a $160.00 target price on shares of Huron Consulting Group in a research note on Wednesday, May 6th. Finally, Weiss Ratings cut Huron Consulting Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Huron Consulting Group presently has a consensus rating of “Moderate Buy” and an average price target of $184.25.

Insider Transactions at Huron Consulting Group

In related news, Director Ekta Singh-Bushell sold 443 shares of Huron Consulting Group stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $118.44, for a total value of $52,468.92. Following the sale, the director owned 13,646 shares of the company’s stock, valued at approximately $1,616,232.24. The trade was a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joy Brown sold 1,821 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $105.01, for a total value of $191,223.21. Following the transaction, the director directly owned 8,575 shares of the company’s stock, valued at $900,460.75. This trade represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,862 shares of company stock worth $314,519 in the last three months. Insiders own 2.07% of the company’s stock.

Huron Consulting Group Price Performance

Shares of HURN opened at $114.80 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 2.10. Huron Consulting Group Inc. has a twelve month low of $84.88 and a twelve month 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 company has a 50 day moving average of $104.45 and a 200-day moving average of $130.92.

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

About Huron Consulting Group

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.