American Family Investments Inc. Sells 1,362,118 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

American Family Investments Inc. decreased its position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,700,928 shares of the company's stock after selling 1,362,118 shares during the quarter. Bowhead Specialty accounts for about 8.1% of American Family Investments Inc.'s holdings, making the stock its 5th biggest holding. American Family Investments Inc. owned 14.39% of Bowhead Specialty worth $166,977,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Gallatin Point Capital LLC acquired a new position in shares of Bowhead Specialty in the 4th quarter valued at $389,599,000. Victory Capital Management Inc. increased its holdings in shares of Bowhead Specialty by 129.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company's stock valued at $53,564,000 after purchasing an additional 849,408 shares in the last quarter. American Century Companies Inc. grew its position in Bowhead Specialty by 3.6% during the fourth quarter. American Century Companies Inc. now owns 953,549 shares of the company's stock worth $33,870,000 after buying an additional 32,792 shares during the period. Wasatch Advisors LP increased its holdings in Bowhead Specialty by 125.3% in the fourth quarter. Wasatch Advisors LP now owns 812,901 shares of the company's stock valued at $28,874,000 after buying an additional 452,033 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Bowhead Specialty by 55.1% in the fourth quarter. Vanguard Group Inc. now owns 647,182 shares of the company's stock valued at $22,988,000 after buying an additional 230,039 shares in the last quarter.

Bowhead Specialty Stock Performance

Shares of BOW stock traded up $0.18 during mid-day trading on Thursday, reaching $40.37. The company's stock had a trading volume of 167,226 shares, compared to its average volume of 227,637. The company's 50 day simple moving average is $37.76 and its 200-day simple moving average is $34.74. Bowhead Specialty Holdings Inc. has a 12-month low of $22.14 and a 12-month high of $42.29.

Bowhead Specialty (NYSE:BOW - Get Free Report) last issued its 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 business had revenue of $184.77 million during the quarter, compared to analysts' expectations of $102.12 million. As a group, equities research analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Ava Schnidman acquired 1,493 shares of the business's stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $33.41 per share, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.