Jump Financial LLC Takes $274,000 Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Jump Financial LLC bought a new stake in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,728 shares of the company's stock, valued at approximately $274,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new position in Bowhead Specialty during the 4th quarter worth $845,000. XTX Topco Ltd acquired a new position in Bowhead Specialty during the 4th quarter valued at about $545,000. Barclays PLC grew its position in shares of Bowhead Specialty by 241.5% during the 4th quarter. Barclays PLC now owns 58,343 shares of the company's stock worth $2,071,000 after buying an additional 41,261 shares during the period. Summit Investment Advisors Inc. boosted its stake in Bowhead Specialty by 66.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,218 shares of the company's stock valued at $43,000 after acquiring an additional 486 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Bowhead Specialty by 59.6% during the 4th quarter. Renaissance Technologies LLC now owns 99,400 shares of the company's stock valued at $3,531,000 after acquiring an additional 37,100 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BOW shares. Keefe, Bruyette & Woods dropped their price objective on Bowhead Specialty from $44.00 to $43.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Piper Sandler initiated coverage on shares of Bowhead Specialty in a report on Wednesday, April 16th. They issued an "overweight" rating and a $44.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Finally, JMP Securities lifted their target price on Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Bowhead Specialty currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.17.

Insider Activity

In related news, Director Ava Schnidman acquired 1,493 shares of Bowhead Specialty stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $33.41 per share, with a total value of $49,881.13. Following the completion of the transaction, the director now directly owns 1,893 shares in the company, valued at $63,245.13. This trade represents a 373.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bowhead Specialty Stock Performance

Shares of BOW stock traded up $0.83 during trading on Friday, reaching $40.83. The company's stock had a trading volume of 43,746 shares, compared to its average volume of 227,567. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $42.29. The business has a fifty day moving average price of $37.93 and a 200-day moving average price of $34.82.

Bowhead Specialty (NYSE:BOW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. The company had revenue of $184.77 million during the quarter, compared to the consensus estimate of $102.12 million. Equities research analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal year.

About Bowhead Specialty

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.