Alyeska Investment Group L.P. Buys 46,309 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

Alyeska Investment Group L.P. raised its holdings in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 34.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,656 shares of the company's stock after acquiring an additional 46,309 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.55% of Bowhead Specialty worth $6,381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in Bowhead Specialty in the 4th quarter valued at about $284,000. Freestone Grove Partners LP bought a new position in shares of Bowhead Specialty during the 4th quarter worth approximately $2,388,000. Voleon Capital Management LP acquired a new position in shares of Bowhead Specialty during the 4th quarter worth approximately $5,454,000. PDT Partners LLC raised its stake in Bowhead Specialty by 41.1% in the 4th quarter. PDT Partners LLC now owns 18,086 shares of the company's stock valued at $642,000 after acquiring an additional 5,266 shares during the period. Finally, Northern Trust Corp lifted its holdings in Bowhead Specialty by 61.1% during the 4th quarter. Northern Trust Corp now owns 96,285 shares of the company's stock valued at $3,420,000 after purchasing an additional 36,536 shares during the last quarter.

Insider Buying and Selling

In other news, Director Ava Schnidman bought 1,493 shares of the firm's stock in a transaction on Friday, February 28th. The stock was acquired 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 of the company's stock, valued at $63,245.13. This represents a 373.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BOW shares. JMP Securities upped their target price on Bowhead Specialty from $38.00 to $40.00 and gave the company a "market outperform" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods upped their price objective on Bowhead Specialty from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Friday. Piper Sandler began coverage on shares of Bowhead Specialty in a research report on Wednesday, April 16th. They issued an "overweight" rating and a $44.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Bowhead Specialty from $30.00 to $35.00 and gave the stock 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $37.50.

Bowhead Specialty Trading Up 1.3 %

NYSE BOW traded up $0.52 during mid-day trading on Friday, hitting $39.62. The company's stock had a trading volume of 271,422 shares, compared to its average volume of 217,907. The company's 50 day simple moving average is $38.71 and its 200 day simple moving average is $35.25. Bowhead Specialty Holdings Inc. has a twelve month low of $22.14 and a twelve month high of $42.29. The firm has a market capitalization of $1.29 billion and a price-to-earnings ratio of 30.24.

Bowhead Specialty (NYSE:BOW - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) 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. As a group, research analysts forecast that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current 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.