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

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in shares of Bowhead Specialty by 47.3% during the 4th quarter. BNP Paribas Financial Markets now owns 25,443 shares of the company's stock worth $904,000 after purchasing an additional 8,169 shares during the period. Ameriprise Financial Inc. acquired a new stake in Bowhead Specialty in the 4th quarter valued at $1,322,000. Alyeska Investment Group L.P. increased its holdings in Bowhead Specialty by 34.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 179,656 shares of the company's stock valued at $6,381,000 after purchasing an additional 46,309 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Bowhead Specialty during the fourth quarter valued at about $284,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Bowhead Specialty during the fourth quarter valued at about $2,388,000.

Bowhead Specialty Stock Up 0.3%

Bowhead Specialty stock traded up $0.13 during mid-day trading on Friday, hitting $37.29. The company's stock had a trading volume of 152,033 shares, compared to its average volume of 199,733. Bowhead Specialty Holdings Inc. has a twelve month low of $23.70 and a twelve month high of $42.29. The stock has a market capitalization of $1.22 billion and a P/E ratio of 28.47. The stock's fifty day moving average price is $39.22 and its two-hundred day moving average price is $35.98.

Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share 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 analysts' expectations of $105.17 million. Equities analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JMP Securities lifted their price target 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. Piper Sandler started coverage on shares of Bowhead Specialty in a report on Wednesday, April 16th. They issued an "overweight" rating and a $44.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Morgan Stanley lifted their price target on Bowhead Specialty from $36.00 to $39.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Bowhead Specialty from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.