Cambridge Investment Research Advisors Inc. Buys Shares of 95,728 Bowhead Specialty Holdings Inc. (NYSE:BOW)

Cambridge Investment Research Advisors Inc. acquired a new stake in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 95,728 shares of the company's stock, valued at approximately $3,891,000. Cambridge Investment Research Advisors Inc. owned 0.29% of Bowhead Specialty as of its most recent filing with the SEC.

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

Bowhead Specialty Price Performance

NYSE:BOW traded down $0.98 during mid-day trading on Wednesday, hitting $35.75. 205,480 shares of the company's stock were exchanged, compared to its average volume of 202,978. The company has a market cap of $1.17 billion, a PE ratio of 27.22 and a beta of -0.61. Bowhead Specialty Holdings Inc. has a one year low of $24.41 and a one year high of $42.29. The business has a fifty day moving average price of $37.89 and a 200 day moving average price of $36.08.

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

Analyst Upgrades and Downgrades

BOW has been the topic of several analyst reports. Morgan Stanley upped their price target on Bowhead Specialty from $36.00 to $39.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods increased their target price 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. JMP Securities raised their price target 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. Piper Sandler began coverage on shares of Bowhead Specialty in a report on Wednesday, April 16th. They issued an "overweight" rating and a $44.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Bowhead Specialty currently has a consensus rating of "Moderate Buy" and an average price target of $39.67.

Bowhead Specialty Company 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.