Victory Capital Management Inc. Has $57.84 Million Stock Holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Victory Capital Management Inc. cut its position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 5.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,422,755 shares of the company's stock after selling 85,248 shares during the quarter. Victory Capital Management Inc. owned 4.36% of Bowhead Specialty worth $57,835,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in Bowhead Specialty by 0.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 60,963 shares of the company's stock worth $2,165,000 after buying an additional 455 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in Bowhead Specialty by 66.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,218 shares of the company's stock worth $43,000 after buying an additional 486 shares during the last quarter. Sei Investments Co. increased its holdings in Bowhead Specialty by 0.8% in the fourth quarter. Sei Investments Co. now owns 94,395 shares of the company's stock worth $3,353,000 after buying an additional 760 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Bowhead Specialty in the first quarter worth approximately $44,000. Finally, Schroder Investment Management Group increased its holdings in Bowhead Specialty by 0.3% in the fourth quarter. Schroder Investment Management Group now owns 365,886 shares of the company's stock worth $12,641,000 after buying an additional 1,209 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on 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. Piper Sandler initiated coverage on Bowhead Specialty in a report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 price objective for the company. Morgan Stanley lifted their price target on Bowhead Specialty from $36.00 to $39.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods lifted their price target on Bowhead Specialty from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, JMP Securities lifted their price objective on Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.67.

Bowhead Specialty Stock Performance

BOW traded up $0.58 during trading hours on Tuesday, reaching $33.74. The company's stock had a trading volume of 105,522 shares, compared to its average volume of 206,793. Bowhead Specialty Holdings Inc. has a 52 week low of $24.80 and a 52 week high of $42.29. The company's 50-day moving average is $36.20 and its 200-day moving average is $36.03. The firm has a market cap of $1.11 billion, a PE ratio of 25.76 and a beta of -0.60.

Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $174.85 million for the quarter, compared to analysts' expectations of $105.17 million. Bowhead Specialty had a return on equity of 12.52% and a net margin of 9.32%. Equities analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

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.