34,108 Shares in Bowhead Specialty Holdings Inc. (NYSE:BOW) Acquired by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC acquired 34,108 shares of Bowhead Specialty Holdings Inc., valued at approximately $1.39 million, which represents around 0.10% ownership of the company.
• Bowhead Specialty reported a net margin of 9.32% and earnings per share of $0.34 for the recent quarter, surpassing analysts' expectations by $0.01.
• Analysts have raised their price targets for Bowhead Specialty, with Keefe, Bruyette & Woods setting a new target of $45.00, reflecting a positive outlook on the stock.

Knights of Columbus Asset Advisors LLC bought a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,108 shares of the company's stock, valued at approximately $1,386,000. Knights of Columbus Asset Advisors LLC owned approximately 0.10% of Bowhead Specialty as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE increased its position in Bowhead Specialty by 113.3% during the 4th quarter. Bank of America Corp DE now owns 154,961 shares of the company's stock worth $5,504,000 after purchasing an additional 82,305 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Bowhead Specialty by 18.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 77,337 shares of the company's stock valued at $2,747,000 after acquiring an additional 12,049 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Bowhead Specialty in the first quarter valued at approximately $3,891,000. Gallatin Point Capital LLC acquired a new stake in Bowhead Specialty in the fourth quarter valued at approximately $389,599,000. Finally, JPMorgan Chase & Co. grew its position in Bowhead Specialty by 102.4% in the fourth quarter. JPMorgan Chase & Co. now owns 99,813 shares of the company's stock valued at $3,545,000 after acquiring an additional 50,491 shares in the last quarter.

Bowhead Specialty Trading Up 1.0%

BOW stock opened at $32.95 on Friday. Bowhead Specialty Holdings Inc. has a twelve month low of $24.80 and a twelve month high of $42.29. The company has a market capitalization of $1.08 billion, a P/E ratio of 25.15 and a beta of -0.60. The firm has a 50 day simple moving average of $35.80 and a 200-day simple moving average of $36.00.

Bowhead Specialty (NYSE:BOW - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Bowhead Specialty had a net margin of 9.32% and a return on equity of 12.52%. The business had revenue of $174.85 million during the quarter, compared to the consensus estimate of $105.17 million. On average, research analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on BOW shares. Keefe, Bruyette & Woods increased their price objective on shares of Bowhead Specialty from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Piper Sandler started coverage on shares of Bowhead Specialty in a research report on Wednesday, April 16th. They issued an "overweight" rating and a $44.00 price objective for the company. 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. Morgan Stanley increased their price objective on shares of Bowhead Specialty from $36.00 to $39.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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