Barclays PLC Boosts Stock Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Barclays PLC increased its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 241.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,343 shares of the company's stock after buying an additional 41,261 shares during the quarter. Barclays PLC owned 0.18% of Bowhead Specialty worth $2,071,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BOW. Summit Investment Advisors Inc. grew its stake in shares of Bowhead Specialty by 66.4% during the 4th 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 period. New York State Common Retirement Fund purchased a new position in Bowhead Specialty during the fourth quarter valued at approximately $64,000. US Bancorp DE bought a new position in shares of Bowhead Specialty in the fourth quarter worth approximately $76,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Bowhead Specialty in the fourth quarter worth $107,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of Bowhead Specialty during the 4th quarter valued at $145,000.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Bowhead Specialty

In other Bowhead Specialty news, Director Ava Schnidman purchased 1,493 shares of Bowhead Specialty stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $33.41 per share, for a total transaction of $49,881.13. Following the acquisition, the director now 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bowhead Specialty Stock Performance

Shares of Bowhead Specialty stock traded down $2.25 during trading hours on Wednesday, reaching $38.73. The company's stock had a trading volume of 340,957 shares, compared to its average volume of 217,312. The firm has a 50 day moving average price of $38.51 and a 200-day moving average price of $35.08. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $42.29.

Bowhead Specialty (NYSE:BOW - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $174.85 million for the quarter, compared to analysts' expectations of $105.17 million. On average, equities research analysts forecast 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.