Bowhead Specialty Holdings Inc. (NYSE:BOW) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 47.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,443 shares of the company's stock after buying an additional 8,169 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Bowhead Specialty worth $904,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its holdings in Bowhead Specialty by 66.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,218 shares of the company's stock worth $43,000 after purchasing an additional 486 shares during the last quarter. New York State Common Retirement Fund purchased a new position in Bowhead Specialty during the 4th quarter worth $64,000. US Bancorp DE acquired a new position in Bowhead Specialty during the 4th quarter valued at about $76,000. KLP Kapitalforvaltning AS purchased a new stake in Bowhead Specialty in the fourth quarter valued at about $107,000. Finally, Pictet Asset Management Holding SA purchased a new stake in Bowhead Specialty in the fourth quarter valued at about $145,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Piper Sandler initiated coverage on Bowhead Specialty in a research note on Wednesday, April 16th. They set an "overweight" rating and a $44.00 price target on the stock. JMP Securities upped their price target on shares of Bowhead Specialty from $38.00 to $40.00 and gave the company a "market outperform" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. raised their price target on shares of Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Morgan Stanley lifted their price objective on shares of Bowhead Specialty from $36.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Bowhead Specialty from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Two investment 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, Bowhead Specialty has a consensus rating of "Moderate Buy" and an average target price of $39.67.

Insider Activity at Bowhead Specialty

In related news, Director Ava Schnidman acquired 1,493 shares of Bowhead Specialty stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $33.41 per share, for a total transaction of $49,881.13. Following the purchase, the director now owns 1,893 shares of the company's stock, valued at approximately $63,245.13. This represents a 373.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Bowhead Specialty Stock Performance

NYSE BOW traded up $0.32 during trading hours on Tuesday, reaching $37.24. The stock had a trading volume of 258,834 shares, compared to its average volume of 202,112. Bowhead Specialty Holdings Inc. has a 52-week low of $23.70 and a 52-week high of $42.29. The stock has a fifty day moving average of $39.37 and a 200 day moving average of $35.89. The stock has a market cap of $1.22 billion and a P/E ratio of 28.43.

Bowhead Specialty (NYSE:BOW - Get Free Report) last released 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 business had revenue of $174.85 million during the quarter, compared to analysts' expectations of $105.17 million. On average, equities research analysts forecast 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.