Jane Street Group LLC Invests $284,000 in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Jane Street Group LLC bought a new stake in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,009 shares of the company's stock, valued at approximately $284,000.

Several other large investors also recently bought and sold shares of the company. Gallatin Point Capital LLC acquired a new position in shares of Bowhead Specialty in the 4th quarter valued at about $389,599,000. Victory Capital Management Inc. boosted 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 purchasing an additional 849,408 shares in the last quarter. American Century Companies Inc. raised its position in 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 acquiring an additional 32,792 shares in the last quarter. Wasatch Advisors LP lifted its stake in 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 last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Bowhead Specialty by 55.1% during 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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BOW shares. Morgan Stanley lifted their price target on Bowhead Specialty from $36.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. 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 report on Friday, May 9th. Piper Sandler began coverage on Bowhead Specialty in a research report on Wednesday, April 16th. They issued an "overweight" rating and a $44.00 price target for the company. JPMorgan Chase & Co. increased 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. Finally, JMP Securities increased their target price on Bowhead Specialty from $38.00 to $40.00 and gave the company a "market outperform" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Bowhead Specialty has an average rating of "Moderate Buy" and an average target price of $39.67.

Bowhead Specialty Trading Up 0.8%

BOW stock traded up $0.28 during midday trading on Friday, hitting $36.30. The stock had a trading volume of 137,919 shares, compared to its average volume of 198,609. The firm has a market capitalization of $1.19 billion and a price-to-earnings ratio of 27.71. The stock has a 50-day simple moving average of $38.80 and a 200 day simple moving average of $36.06. 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 issued its earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 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.