12,540 Shares in Bowhead Specialty Holdings Inc. (NYSE:BOW) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,540 shares of the company's stock, valued at approximately $445,000.

Several other large investors also recently made changes to their positions in the business. Gallatin Point Capital LLC acquired a new stake in Bowhead Specialty in the fourth quarter valued at $389,599,000. Victory Capital Management Inc. lifted its position in shares of Bowhead Specialty by 129.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company's stock worth $53,564,000 after purchasing an additional 849,408 shares during the last quarter. American Century Companies Inc. grew its stake in Bowhead Specialty by 3.6% in the fourth quarter. American Century Companies Inc. now owns 953,549 shares of the company's stock worth $33,870,000 after purchasing an additional 32,792 shares in the last quarter. Wasatch Advisors LP grew its stake in Bowhead Specialty by 125.3% in the fourth quarter. Wasatch Advisors LP now owns 812,901 shares of the company's stock worth $28,874,000 after purchasing 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 during the last quarter.

Bowhead Specialty Stock Up 0.8%

NYSE BOW traded up $0.28 during trading hours on Friday, hitting $36.30. The company had a trading volume of 137,919 shares, compared to its average volume of 198,216. The firm has a market cap of $1.19 billion and a P/E ratio of 27.71. Bowhead Specialty Holdings Inc. has a fifty-two week low of $23.70 and a fifty-two week high of $42.29. The business has a fifty day simple moving average of $38.89 and a 200-day simple moving average of $36.04.

Bowhead Specialty (NYSE:BOW - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $174.85 million for the quarter, compared to the consensus estimate of $105.17 million. Equities analysts forecast that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BOW shares. JPMorgan Chase & Co. increased their target price on Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Piper Sandler initiated coverage on Bowhead Specialty in a research note on Wednesday, April 16th. They set an "overweight" rating and a $44.00 price objective on the stock. JMP Securities boosted their target price on shares of Bowhead Specialty from $38.00 to $40.00 and gave the company a "market outperform" rating in a research note on Friday, April 11th. 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 report on Friday, May 9th. Finally, Morgan Stanley lifted their price target on shares of Bowhead Specialty from $36.00 to $39.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $39.67.

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.