Jane Street Group LLC Makes New Investment in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Jane Street Group LLC bought a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,009 shares of the company's stock, valued at approximately $284,000.

A number of other large investors have also modified their holdings of BOW. Gallatin Point Capital LLC acquired a new position in Bowhead Specialty in the fourth quarter valued at approximately $389,599,000. Victory Capital Management Inc. boosted its position 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 worth $53,564,000 after acquiring an additional 849,408 shares during the period. American Century Companies Inc. grew its stake in shares of Bowhead Specialty by 3.6% in the fourth quarter. American Century Companies Inc. now owns 953,549 shares of the company's stock worth $33,870,000 after purchasing an additional 32,792 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Bowhead Specialty by 125.3% during the fourth quarter. Wasatch Advisors LP now owns 812,901 shares of the company's stock valued at $28,874,000 after purchasing an additional 452,033 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Bowhead Specialty by 55.1% during the fourth quarter. Vanguard Group Inc. now owns 647,182 shares of the company's stock valued at $22,988,000 after purchasing an additional 230,039 shares in the last quarter.

Bowhead Specialty Price Performance

NYSE BOW traded down $0.76 on Thursday, hitting $36.03. 199,458 shares of the stock were exchanged, compared to its average volume of 199,055. The company has a market capitalization of $1.18 billion and a price-to-earnings ratio of 27.50. The company's 50-day moving average price is $38.99 and its two-hundred day moving average price is $36.03. Bowhead Specialty Holdings Inc. has a 52-week low of $23.70 and a 52-week high of $42.29.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on BOW. 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. increased their target price on shares of Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Piper Sandler started coverage on shares of Bowhead Specialty in a report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 target price for the company. JMP Securities upped their price target on Bowhead Specialty from $38.00 to $40.00 and gave the company a "market outperform" rating in a report on Friday, April 11th. Finally, 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 note on Friday, May 9th. Two equities 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $39.67.

About Bowhead Specialty

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.