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

Cambridge Investment Research Advisors Inc. purchased a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Riverwater Partners LLC purchased a new stake in shares of Bowhead Specialty during the 1st quarter valued at about $1,484,000. SG Americas Securities LLC boosted its holdings in shares of Bowhead Specialty by 19.9% in the first quarter. SG Americas Securities LLC now owns 11,612 shares of the company's stock valued at $472,000 after purchasing an additional 1,931 shares during the period. Rhumbline Advisers lifted its holdings in shares of Bowhead Specialty by 34.7% in the 1st quarter. Rhumbline Advisers now owns 16,973 shares of the company's stock worth $690,000 after buying an additional 4,372 shares during the period. GAMMA Investing LLC lifted its stake in Bowhead Specialty by 7,651.2% in the first quarter. GAMMA Investing LLC now owns 3,333 shares of the company's stock worth $135,000 after acquiring an additional 3,290 shares during the period. Finally, California State Teachers Retirement System lifted its position in shares of Bowhead Specialty by 37.7% in the 4th quarter. California State Teachers Retirement System now owns 12,126 shares of the company's stock worth $431,000 after purchasing an additional 3,317 shares during the period.

Analyst Upgrades and Downgrades

BOW has been the subject of a number of analyst reports. JMP Securities upped their price objective on Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a research note on Friday, April 11th. Morgan Stanley boosted their price objective 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. Keefe, Bruyette & Woods upped their target price on 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 Bowhead Specialty in a research report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 price target on the stock. Finally, 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.67.

Bowhead Specialty Trading Up 0.7%

BOW traded up $0.25 during midday trading on Monday, hitting $37.54. 559,799 shares of the company traded hands, compared to its average volume of 203,894. The company has a market capitalization of $1.23 billion and a price-to-earnings ratio of 28.66. The business has a 50 day simple moving average of $37.98 and a two-hundred day simple moving average of $36.07. Bowhead Specialty Holdings Inc. has a 52-week low of $24.41 and a 52-week high of $42.29.

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

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.