Bowhead Specialty Holdings Inc. (NYSE:BOW) Shares Sold by Woodline Partners LP

Woodline Partners LP decreased its position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 40.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,611 shares of the company's stock after selling 12,389 shares during the period. Woodline Partners LP owned approximately 0.06% of Bowhead Specialty worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BOW. Gallatin Point Capital LLC acquired a new stake in shares of Bowhead Specialty during the fourth quarter worth about $389,599,000. Victory Capital Management Inc. raised its holdings in shares of Bowhead Specialty by 129.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company's stock worth $53,564,000 after purchasing an additional 849,408 shares during the last quarter. American Century Companies Inc. boosted its holdings in Bowhead Specialty by 3.6% in the fourth quarter. American Century Companies Inc. now owns 953,549 shares of the company's stock valued at $33,870,000 after purchasing an additional 32,792 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Bowhead Specialty by 125.3% in 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. raised 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 valued at $22,988,000 after buying an additional 230,039 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BOW. JPMorgan Chase & Co. lifted their price target on Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Morgan Stanley lifted their price objective on shares of Bowhead Specialty from $36.00 to $39.00 and gave the company an "equal weight" rating in a 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. Keefe, Bruyette & Woods increased their target price on Bowhead Specialty from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, Piper Sandler began coverage on shares of Bowhead Specialty in a research report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Bowhead Specialty currently has an average rating of "Moderate Buy" and an average price target of $39.67.

Insiders Place Their Bets

In other news, Director Ava Schnidman acquired 1,493 shares of Bowhead Specialty stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $33.41 per share, for a total transaction of $49,881.13. Following the acquisition, the director now owns 1,893 shares of the company's stock, valued at $63,245.13. This trade represents a 373.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bowhead Specialty Trading Up 1.8%

Bowhead Specialty stock traded up $0.67 during midday trading on Thursday, hitting $37.17. 165,821 shares of the stock were exchanged, compared to its average volume of 200,332. The stock's 50-day simple moving average is $39.34 and its 200 day simple moving average is $35.90. Bowhead Specialty Holdings Inc. has a fifty-two week low of $23.70 and a fifty-two week high of $42.29. The stock has a market capitalization of $1.21 billion and a price-to-earnings ratio of 28.37.

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