Janus Henderson Group PLC Invests $737,000 in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Janus Henderson Group PLC acquired a new stake in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 20,751 shares of the company's stock, valued at approximately $737,000. Janus Henderson Group PLC owned approximately 0.06% of Bowhead Specialty at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Summit Investment Advisors Inc. increased its stake in shares of Bowhead Specialty by 66.4% during the 4th 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 acquired a new position in shares of Bowhead Specialty during the 4th quarter worth about $64,000. US Bancorp DE acquired a new position in shares of Bowhead Specialty during the 4th quarter worth about $76,000. KLP Kapitalforvaltning AS acquired a new position in shares of Bowhead Specialty during the 4th quarter worth about $107,000. Finally, Pictet Asset Management Holding SA acquired a new position in shares of Bowhead Specialty during the 4th quarter worth about $145,000.

Analyst Ratings Changes

BOW has been the subject of several research analyst reports. Piper Sandler assumed 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. JPMorgan Chase & Co. increased their price objective 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. Morgan Stanley upped their price target on shares of Bowhead Specialty from $36.00 to $39.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. JMP Securities increased their target price on shares of Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a research note on Friday, April 11th. Finally, 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 note on Friday, May 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bowhead Specialty presently has a consensus rating of "Moderate Buy" and an average target price of $39.67.

Insider Activity at Bowhead Specialty

In other Bowhead Specialty news, Director Ava Schnidman bought 1,493 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $33.41 per share, for a total transaction of $49,881.13. Following the completion of the transaction, the director now owns 1,893 shares of the company's stock, valued at $63,245.13. This represents a 373.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bowhead Specialty Stock Performance

Bowhead Specialty stock traded down $0.65 during midday trading on Wednesday, reaching $36.75. 53,474 shares of the stock were exchanged, compared to its average volume of 201,540. The company's fifty day moving average is $39.37 and its 200-day moving average is $35.89. The firm has a market cap of $1.20 billion and a PE ratio of 28.08. 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 announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

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.