Principal Financial Group Inc. Sells 29,014 Shares of Huron Consulting Group Inc. (NASDAQ:HURN)

Principal Financial Group Inc. trimmed its stake in shares of Huron Consulting Group Inc. (NASDAQ:HURN) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 351,010 shares of the business services provider’s stock after selling 29,014 shares during the quarter. Principal Financial Group Inc.’s holdings in Huron Consulting Group were worth $43,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. Dakota Wealth Management raised its stake in Huron Consulting Group by 4.0% during the fourth quarter. Dakota Wealth Management now owns 2,250 shares of the business services provider’s stock valued at $280,000 after buying an additional 87 shares during the last quarter. Assetmark Inc. raised its stake in shares of Huron Consulting Group by 7.0% in the third quarter. Assetmark Inc. now owns 1,373 shares of the business services provider’s stock worth $149,000 after purchasing an additional 90 shares during the last quarter. Andina Capital Management LLC increased its position in Huron Consulting Group by 3.4% during the fourth quarter. Andina Capital Management LLC now owns 3,296 shares of the business services provider’s stock valued at $410,000 after acquiring an additional 107 shares during the last quarter. Martingale Asset Management L P increased its position in Huron Consulting Group by 0.5% during the third quarter. Martingale Asset Management L P now owns 20,479 shares of the business services provider’s stock valued at $2,226,000 after acquiring an additional 110 shares during the last quarter. Finally, Creative Planning increased its position in Huron Consulting Group by 10.5% during the third quarter. Creative Planning now owns 2,588 shares of the business services provider’s stock valued at $281,000 after acquiring an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Wall Street Analyst Weigh In

HURN has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and issued a $140.00 price target on shares of Huron Consulting Group in a research report on Wednesday, October 30th. Barrington Research upped their price objective on Huron Consulting Group from $137.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Wedbush initiated coverage on Huron Consulting Group in a research note on Monday, February 3rd. They issued an “outperform” rating for the company. Finally, StockNews.com raised Huron Consulting Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $133.00.

Insider Activity at Huron Consulting Group

In other news, Director H Eugene Lockhart sold 1,042 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $122.81, for a total value of $127,968.02. Following the completion of the sale, the director now directly owns 26,756 shares of the company’s stock, valued at $3,285,904.36. This trade represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James H. Roth sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $126.03, for a total value of $252,060.00. Following the completion of the sale, the director now directly owns 48,534 shares of the company’s stock, valued at $6,116,740.02. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,584 shares of company stock valued at $1,067,539. Insiders own 2.02% of the company’s stock.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock opened at $128.88 on Friday. The stock has a 50 day moving average of $125.52 and a 200 day moving average of $116.73. Huron Consulting Group Inc. has a 12 month low of $84.26 and a 12 month high of $133.96. The firm has a market cap of $2.29 billion, a PE ratio of 28.02 and a beta of 0.59. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.82.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.