Bowhead Specialty Holdings Inc. (NYSE:BOW) Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its position in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 55.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 647,182 shares of the company’s stock after buying an additional 230,039 shares during the period. Vanguard Group Inc.’s holdings in Bowhead Specialty were worth $22,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS bought a new position in Bowhead Specialty during the fourth quarter valued at about $107,000. Sei Investments Co. raised its stake in shares of Bowhead Specialty by 0.8% during the 4th quarter. Sei Investments Co. now owns 94,395 shares of the company’s stock worth $3,353,000 after purchasing an additional 760 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Bowhead Specialty by 3.6% during the 4th quarter. American Century Companies Inc. now owns 953,549 shares of the company’s stock worth $33,870,000 after purchasing an additional 32,792 shares during the last quarter. Quantbot Technologies LP raised its holdings in Bowhead Specialty by 92.9% during the fourth quarter. Quantbot Technologies LP now owns 10,842 shares of the company’s stock valued at $385,000 after buying an additional 5,221 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Bowhead Specialty by 38.4% in the 4th quarter. Swiss National Bank now owns 25,600 shares of the company’s stock worth $909,000 after purchasing an additional 7,100 shares during the last quarter.

Bowhead Specialty Trading Up 0.3 %

BOW opened at $39.79 on Wednesday. Bowhead Specialty Holdings Inc. has a 52-week low of $22.14 and a 52-week high of $42.29. The business’s 50-day simple moving average is $36.01 and its 200 day simple moving average is $33.90.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The firm had revenue of $184.77 million during the quarter, compared to analyst estimates of $102.12 million. As a group, research analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current year.

Insider Activity at Bowhead Specialty

In other Bowhead Specialty news, Director Ava Schnidman acquired 1,493 shares of Bowhead Specialty stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $33.41 per share, with a total value of $49,881.13. Following the completion of the purchase, the director now directly owns 1,893 shares of the company’s stock, valued at $63,245.13. This represents a 373.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BOW. JPMorgan Chase & Co. increased their price objective on Bowhead Specialty from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their price objective on Bowhead Specialty from $44.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, JMP Securities boosted their price target on shares of Bowhead Specialty from $38.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, April 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Bowhead Specialty has a consensus rating of “Moderate Buy” and a consensus price target of $35.80.

Bowhead Specialty Profile

Bowhead Specialty Holdings Inc provides specialty property and casualty insurance products in the United States. It underwrites casualty insurance solutions for risks in the construction, distribution, heavy manufacturing, real estate, and hospitality segments; professional liability insurance solutions for financial institutions, private and public directors and officers liability insurance, errors and omissions liability insurance, and cyber segments; and healthcare solutions for hospitals, senior care providers, managed care organizations, miscellaneous medical facilities, and healthcare management liability segments.