Principal Financial Group Inc. Has $46.11 Million Stock Position in Huron Consulting Group Inc. $HURN

Principal Financial Group Inc. lowered its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 314,157 shares of the business services provider’s stock after selling 11,144 shares during the quarter. Principal Financial Group Inc.’s holdings in Huron Consulting Group were worth $46,109,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Huron Consulting Group by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,464 shares of the business services provider’s stock valued at $1,501,000 after purchasing an additional 469 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Huron Consulting Group by 53.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider’s stock worth $28,538,000 after buying an additional 68,891 shares in the last quarter. Jane Street Group LLC bought a new position in Huron Consulting Group in the 1st quarter valued at $6,313,000. Intech Investment Management LLC increased its stake in shares of Huron Consulting Group by 28.1% in the 1st quarter. Intech Investment Management LLC now owns 11,064 shares of the business services provider’s stock valued at $1,587,000 after buying an additional 2,425 shares during the period. Finally, Acadian Asset Management LLC raised its position in shares of Huron Consulting Group by 174.4% during the first quarter. Acadian Asset Management LLC now owns 3,361 shares of the business services provider’s stock worth $481,000 after acquiring an additional 2,136 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Huron Consulting Group news, Director Ekta Singh-Bushell sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $178.55, for a total value of $178,550.00. Following the completion of the sale, the director owned 14,341 shares of the company’s stock, valued at approximately $2,560,585.55. This represents a 6.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Roth sold 2,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $164.57, for a total transaction of $329,140.00. Following the completion of the sale, the director owned 35,304 shares in the company, valued at approximately $5,809,979.28. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 11,458 shares of company stock valued at $1,886,731. 2.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HURN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Huron Consulting Group in a report on Thursday, January 22nd. Wedbush raised their target price on shares of Huron Consulting Group from $165.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Benchmark lifted their price target on shares of Huron Consulting Group from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, December 24th. Wall Street Zen raised shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Truist Financial raised their price objective on shares of Huron Consulting Group from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Huron Consulting Group has a consensus rating of “Buy” and a consensus target price of $215.50.

Huron Consulting Group Stock Performance

Shares of HURN stock opened at $165.47 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market cap of $2.85 billion, a PE ratio of 27.72 and a beta of 0.08. The stock has a 50-day moving average of $175.20 and a 200-day moving average of $156.15. Huron Consulting Group Inc. has a one year low of $120.25 and a one year high of $186.77.

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.