The Manufacturers Life Insurance Company Acquires New Holdings in Huron Consulting Group Inc. $HURN

The Manufacturers Life Insurance Company bought a new stake in Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,502 shares of the business services provider's stock, valued at approximately $767,000. The Manufacturers Life Insurance Company owned approximately 0.05% of Huron Consulting Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 worth $1,501,000 after buying an additional 469 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Huron Consulting Group by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 198,938 shares of the business services provider's stock valued at $28,538,000 after purchasing an additional 68,891 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Huron Consulting Group during the first quarter valued at about $6,313,000. Intech Investment Management LLC boosted its stake in shares of Huron Consulting Group by 28.1% during the first quarter. Intech Investment Management LLC now owns 11,064 shares of the business services provider's stock valued at $1,587,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings 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 purchasing an additional 2,136 shares during the last quarter. Institutional investors own 93.90% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, insider Kyle Featherstone sold 459 shares of the firm'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 transaction of $70,075.53. Following the completion of the sale, the insider owned 1,050 shares of the company's stock, valued at $160,303.50. This trade represents a 30.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C. Hussey sold 24,072 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $165.59, for a total value of $3,986,082.48. Following the completion of the sale, the chief executive officer owned 74,399 shares of the company's stock, valued at approximately $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. 2.07% of the stock is owned by corporate insiders.

Huron Consulting Group Price Performance

Shares of NASDAQ HURN opened at $155.27 on Friday. The company has a market capitalization of $2.47 billion, a PE ratio of 23.24 and a beta of 0.07. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.11. Huron Consulting Group Inc. has a twelve month low of $84.88 and a twelve month high of $186.77. The firm has a fifty day simple moving average of $134.53 and a 200 day simple moving average of $125.44.

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

Huron Consulting Group Company 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.

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