Bowhead Specialty Holdings Inc. (NYSE:BOW) Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP lifted its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 125.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 812,901 shares of the company's stock after purchasing an additional 452,033 shares during the period. Wasatch Advisors LP owned about 2.49% of Bowhead Specialty worth $28,874,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp bought a new stake in Bowhead Specialty during the 3rd quarter valued at $1,426,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Bowhead Specialty during the 3rd quarter worth $317,000. Barclays PLC bought a new stake in Bowhead Specialty during the third quarter valued at about $479,000. Geode Capital Management LLC purchased a new stake in shares of Bowhead Specialty during the third quarter valued at about $4,691,000. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Bowhead Specialty by 10.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 257,870 shares of the company's stock valued at $7,223,000 after buying an additional 25,304 shares in the last quarter.

Insider Buying and Selling at Bowhead Specialty

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

Wall Street Analyst Weigh In

BOW has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods decreased 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. Piper Sandler started coverage on shares of Bowhead Specialty in a report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 price objective on the stock. Finally, JMP Securities boosted their target price on shares of Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a research 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.17.

Bowhead Specialty Trading Up 1.9 %

Shares of Bowhead Specialty stock traded up $0.73 on Tuesday, reaching $39.79. 30,056 shares of the stock were exchanged, compared to its average volume of 212,050. Bowhead Specialty Holdings Inc. has a twelve month low of $22.14 and a twelve month high of $42.29. The business has a 50 day moving average price of $36.56 and a two-hundred day moving average price of $34.25.

Bowhead Specialty (NYSE:BOW - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.07. The business had revenue of $184.77 million during the quarter, compared to analyst estimates of $102.12 million. Sell-side analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

Bowhead Specialty Company 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.