Two Sigma Advisers LP Purchases 63,300 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

Two Sigma Advisers LP lifted its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 575.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,300 shares of the company's stock after acquiring an additional 63,300 shares during the period. Two Sigma Advisers LP owned approximately 0.23% of Bowhead Specialty worth $2,639,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Gallatin Point Capital LLC acquired a new position in Bowhead Specialty during the 4th quarter worth $389,599,000. Victory Capital Management Inc. raised its stake in Bowhead Specialty by 129.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company's stock valued at $53,564,000 after acquiring an additional 849,408 shares in the last quarter. Wasatch Advisors LP grew its position in Bowhead Specialty by 125.3% in the 4th 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. Polar Capital Holdings Plc increased its position in shares of Bowhead Specialty by 160.3% during the 4th quarter. Polar Capital Holdings Plc now owns 550,000 shares of the company's stock valued at $19,536,000 after purchasing an additional 338,738 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in Bowhead Specialty by 274.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 314,684 shares of the company's stock worth $11,178,000 after acquiring an additional 230,722 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. JMP Securities lifted their price objective on shares of Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a research report on Friday, April 11th. Piper Sandler assumed coverage on Bowhead Specialty in a research report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 target price for the company. JPMorgan Chase & Co. raised their price target on Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price objective on Bowhead Specialty from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Morgan Stanley increased their price target on shares of Bowhead Specialty from $36.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $39.67.

Bowhead Specialty Trading Up 0.3%

Shares of NYSE:BOW traded up $0.13 during trading on Friday, hitting $37.29. 152,033 shares of the company were exchanged, compared to its average volume of 199,733. Bowhead Specialty Holdings Inc. has a fifty-two week low of $23.70 and a fifty-two week high of $42.29. The stock has a market cap of $1.22 billion and a price-to-earnings ratio of 28.47. The firm has a fifty day moving average price of $39.22 and a two-hundred day moving average price of $35.98.

Bowhead Specialty (NYSE:BOW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $174.85 million during the quarter, compared to analyst estimates of $105.17 million. As a group, research 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.