The Manufacturers Life Insurance Company Takes $767,000 Position in Huron Consulting Group Inc. $HURN

by · The Markets Daily

The Manufacturers Life Insurance Company acquired a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 8,502 shares of the business services provider’s stock, valued at approximately $767,000.

Other large investors also recently made changes to their positions in the company. Strs Ohio bought a new stake in Huron Consulting Group in the 4th quarter valued at about $35,000. Brown Brothers Harriman & Co. acquired a new stake in Huron Consulting Group in the third quarter valued at approximately $35,000. Advisory Services Network LLC acquired a new stake in Huron Consulting Group in the third quarter valued at approximately $36,000. Kemnay Advisory Services Inc. bought a new stake in shares of Huron Consulting Group during the fourth quarter valued at approximately $39,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Huron Consulting Group by 11,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 240 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 238 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HURN. Zacks Research upgraded Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Huron Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Truist Financial reduced their price objective on shares of Huron Consulting Group to $155.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Barrington Research reissued an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, June 17th. Finally, Weiss Ratings upgraded shares of Huron Consulting Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Huron Consulting Group has a consensus rating of “Buy” and an average price target of $184.25.

Get Our Latest Analysis on HURN

Insider Activity at Huron Consulting Group

In other news, insider Kyle Featherstone sold 459 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $152.67, for a total value of $70,075.53. Following the completion of the transaction, the insider directly owned 1,050 shares of the company’s stock, valued at $160,303.50. This represents a 30.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C. Hussey sold 24,072 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total value of $3,986,082.48. Following the sale, the chief executive officer directly owned 74,399 shares of the company’s stock, valued at $12,319,730.41. The trade was a 24.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.07% of the company’s stock.

Huron Consulting Group Stock Down 1.8%

HURN opened at $155.27 on Friday. Huron Consulting Group Inc. has a fifty-two week low of $84.88 and a fifty-two week high of $186.77. The firm has a market capitalization of $2.47 billion, a P/E ratio of 23.24 and a beta of 0.07. The company’s 50-day moving average is $134.53 and its 200 day moving average is $125.44. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.71 and a quick ratio of 1.71.

Huron Consulting Group (NASDAQ:HURN – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.29. The business had revenue of $475.04 million during the quarter, compared to the consensus estimate of $448.98 million. Huron Consulting Group had a net margin of 6.38% and a return on equity of 32.33%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.89 EPS. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. Research analysts expect that Huron Consulting Group Inc. will post 9.18 earnings per share for the current fiscal year.

Huron Consulting Group Company Profile

(Free Report)

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.

Further Reading

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