Freestone Grove Partners LP Acquires New Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Freestone Grove Partners LP purchased a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 67,223 shares of the company's stock, valued at approximately $2,388,000. Freestone Grove Partners LP owned about 0.21% of Bowhead Specialty as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of BOW. Voleon Capital Management LP bought a new position in shares of Bowhead Specialty in the 4th quarter valued at about $5,454,000. PDT Partners LLC raised its holdings in Bowhead Specialty by 41.1% during the 4th quarter. PDT Partners LLC now owns 18,086 shares of the company's stock valued at $642,000 after buying an additional 5,266 shares during the period. Northern Trust Corp lifted its position in Bowhead Specialty by 61.1% in the fourth quarter. Northern Trust Corp now owns 96,285 shares of the company's stock worth $3,420,000 after buying an additional 36,536 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Bowhead Specialty by 0.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 60,963 shares of the company's stock valued at $2,165,000 after acquiring an additional 455 shares during the last quarter. Finally, Ghisallo Capital Management LLC boosted its stake in shares of Bowhead Specialty by 41.2% during the 4th quarter. Ghisallo Capital Management LLC now owns 120,000 shares of the company's stock worth $4,262,000 after purchasing an additional 35,000 shares during the period.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Piper Sandler initiated coverage on Bowhead Specialty in a research report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 target price for the company. JPMorgan Chase & Co. increased their target price on Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their target price on shares of Bowhead Specialty from $44.00 to $43.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, JMP Securities raised their price target 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Bowhead Specialty has an average rating of "Moderate Buy" and a consensus price target of $37.17.

Insider Activity at Bowhead Specialty

In other Bowhead Specialty news, Director Ava Schnidman acquired 1,493 shares of the business's stock in a transaction on Friday, February 28th. The stock was bought at an average price of $33.41 per share, for a total transaction of $49,881.13. Following the acquisition, the director now owns 1,893 shares in the company, valued at approximately $63,245.13. The trade was a 373.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Bowhead Specialty Trading Up 1.6 %

Shares of NYSE:BOW traded up $0.64 during trading hours on Thursday, hitting $39.28. The company's stock had a trading volume of 106,246 shares, compared to its average volume of 216,883. The firm's fifty day moving average price is $38.51 and its 200 day moving average price is $35.08. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $42.29.

Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates 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. 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.