Bank of America Corp DE Has $5.50 Million Holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Bank of America Corp DE lifted its stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 113.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 154,961 shares of the company's stock after purchasing an additional 82,305 shares during the quarter. Bank of America Corp DE owned 0.47% of Bowhead Specialty worth $5,504,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Gallatin Point Capital LLC acquired a new stake in Bowhead Specialty in the fourth quarter valued at about $389,599,000. Victory Capital Management Inc. boosted its stake in Bowhead Specialty by 129.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company's stock valued at $53,564,000 after buying an additional 849,408 shares in the last quarter. Wasatch Advisors LP boosted 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 valued at $28,874,000 after buying an additional 452,033 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 in the last quarter. Finally, Peregrine Capital Management LLC boosted its stake in Bowhead Specialty by 143.3% in the fourth quarter. Peregrine Capital Management LLC now owns 295,723 shares of the company's stock valued at $10,504,000 after buying an additional 174,172 shares in the last quarter.

Insider Transactions at Bowhead Specialty

In other Bowhead Specialty news, Director Ava Schnidman bought 1,493 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $33.41 per share, with a total value of $49,881.13. Following the completion of the purchase, the director now directly owns 1,893 shares of the company's stock, valued at approximately $63,245.13. This trade represents a 373.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley raised their price objective on Bowhead Specialty from $36.00 to $39.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. JMP Securities increased their target price on Bowhead Specialty from $38.00 to $40.00 and gave the company a "market outperform" rating in a research report on Friday, April 11th. Piper Sandler started coverage on Bowhead Specialty in a research report on Wednesday, April 16th. They issued an "overweight" rating and a $44.00 target price for the company. JPMorgan Chase & Co. increased their target price on Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods increased 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $39.67.

Bowhead Specialty Stock Performance

Shares of BOW traded up $0.67 during mid-day trading on Thursday, reaching $37.17. 165,821 shares of the company were exchanged, compared to its average volume of 199,923. Bowhead Specialty Holdings Inc. has a 52 week low of $23.70 and a 52 week high of $42.29. The stock has a market capitalization of $1.21 billion and a PE ratio of 28.37. The business has a 50 day simple moving average of $39.30 and a two-hundred day simple moving average of $35.93.

Bowhead Specialty (NYSE:BOW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $174.85 million for the quarter, compared to the consensus estimate of $105.17 million. On average, analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

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.