Millennium Management LLC Purchases 90,035 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

Millennium Management LLC boosted its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 172.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,381 shares of the company's stock after acquiring an additional 90,035 shares during the quarter. Millennium Management LLC owned 0.44% of Bowhead Specialty worth $5,057,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gallatin Point Capital LLC acquired a new position in shares of Bowhead Specialty in the 4th quarter worth approximately $389,599,000. Victory Capital Management Inc. boosted its holdings in shares of Bowhead Specialty by 129.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company's stock worth $53,564,000 after acquiring an additional 849,408 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of Bowhead Specialty by 125.3% in the 4th quarter. Wasatch Advisors LP now owns 812,901 shares of the company's stock worth $28,874,000 after acquiring an additional 452,033 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Bowhead Specialty by 274.8% in the 4th 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. Finally, Vanguard Group Inc. boosted its holdings in shares of Bowhead Specialty by 55.1% in the 4th quarter. Vanguard Group Inc. now owns 647,182 shares of the company's stock worth $22,988,000 after acquiring an additional 230,039 shares in the last quarter.

Bowhead Specialty Stock Up 0.8%

NYSE:BOW traded up $0.29 during trading hours on Monday, hitting $37.59. 125,756 shares of the stock were exchanged, compared to its average volume of 199,432. The company's 50 day moving average is $39.17 and its two-hundred day moving average is $36.01. Bowhead Specialty Holdings Inc. has a twelve month low of $23.70 and a twelve month high of $42.29. The company has a market capitalization of $1.23 billion and a P/E ratio of 28.69.

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

Wall Street Analyst Weigh In

BOW has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Bowhead Specialty from $36.00 to $39.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. boosted their target price on Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their price objective on Bowhead Specialty from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Piper Sandler began coverage on Bowhead Specialty in a report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 price objective on the stock. Finally, 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 report on Friday, April 11th. Two research analysts have rated the stock with a hold rating and four have given 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 target price of $39.67.

Bowhead Specialty 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.