Bowhead Specialty Holdings Inc. (NYSE:BOW) Holdings Raised by Driehaus Capital Management LLC

Driehaus Capital Management LLC boosted its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 339,305 shares of the company's stock after purchasing an additional 26,522 shares during the quarter. Driehaus Capital Management LLC owned about 1.04% of Bowhead Specialty worth $12,052,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BOW. The Manufacturers Life Insurance Company raised its stake in Bowhead Specialty by 0.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 60,963 shares of the company's stock valued at $2,165,000 after acquiring an additional 455 shares during the period. Summit Investment Advisors Inc. boosted its stake in shares of Bowhead Specialty by 66.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,218 shares of the company's stock valued at $43,000 after purchasing an additional 486 shares in the last quarter. Sei Investments Co. raised its holdings in Bowhead Specialty by 0.8% during the 4th quarter. Sei Investments Co. now owns 94,395 shares of the company's stock valued at $3,353,000 after buying an additional 760 shares during the last quarter. Schroder Investment Management Group raised its holdings in Bowhead Specialty by 0.3% in the 4th quarter. Schroder Investment Management Group now owns 365,886 shares of the company's stock worth $12,641,000 after purchasing an additional 1,209 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in shares of Bowhead Specialty in the 4th quarter worth about $64,000.

Insider Buying and Selling

In other news, Director Ava Schnidman acquired 1,493 shares of the firm's stock in a transaction dated 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 acquisition, the director now owns 1,893 shares of the company's stock, valued at $63,245.13. The trade was a 373.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bowhead Specialty Stock Performance

Bowhead Specialty stock traded down $0.56 during trading on Wednesday, reaching $37.92. The company had a trading volume of 216,633 shares, compared to its average volume of 217,831. Bowhead Specialty Holdings Inc. has a 1-year low of $22.14 and a 1-year high of $42.29. The firm's 50-day simple moving average is $38.80 and its 200 day simple moving average is $35.36. The firm has a market capitalization of $1.24 billion and a PE ratio of 28.95.

Bowhead Specialty (NYSE:BOW - Get Free Report) last announced 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 firm had revenue of $174.85 million for the quarter, compared to analyst estimates of $105.17 million. Analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

Analysts Set New Price Targets

BOW has been the topic of several recent analyst reports. JMP Securities increased their price objective on shares of Bowhead Specialty from $38.00 to $40.00 and gave the company a "market outperform" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. lifted 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. Piper Sandler initiated coverage on shares of Bowhead Specialty in a research note on Wednesday, April 16th. They set an "overweight" rating and a $44.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised their price target on shares of Bowhead Specialty from $43.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $37.50.

Bowhead Specialty 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.