Jacobs Levy Equity Management Inc. Invests $3.09 Million in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Jacobs Levy Equity Management Inc. bought a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 87,054 shares of the company's stock, valued at approximately $3,092,000. Jacobs Levy Equity Management Inc. owned about 0.27% of Bowhead Specialty at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gallatin Point Capital LLC acquired a new position in shares of Bowhead Specialty during the fourth quarter worth $389,599,000. Victory Capital Management Inc. grew its holdings 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 worth $53,564,000 after acquiring an additional 849,408 shares during the period. American Century Companies Inc. grew its holdings in Bowhead Specialty by 3.6% during the 4th 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 during the period. Wasatch Advisors LP grew its stake in shares of Bowhead Specialty by 125.3% in the 4th quarter. Wasatch Advisors LP now owns 812,901 shares of the company's stock valued at $28,874,000 after buying an additional 452,033 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Bowhead Specialty by 55.1% in 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 period.

Analyst Ratings Changes

Several analysts have recently commented on BOW shares. JPMorgan Chase & Co. raised their target price on Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Piper Sandler assumed coverage on shares of Bowhead Specialty in a research report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 target price on the stock. Morgan Stanley lifted their price target on shares of Bowhead Specialty from $36.00 to $39.00 and gave the stock an "equal weight" rating in a report on Monday. Keefe, Bruyette & Woods lifted their price target on shares of Bowhead Specialty from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, JMP Securities lifted their price target on shares of Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Bowhead Specialty presently has an average rating of "Moderate Buy" and an average price target of $39.67.

Insider Transactions at Bowhead Specialty

In other news, Director Ava Schnidman purchased 1,493 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $33.41 per share, with a total value of $49,881.13. Following the completion of the acquisition, the director now owns 1,893 shares in the company, valued at $63,245.13. This trade represents a 373.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

Bowhead Specialty Stock Performance

BOW stock traded down $0.54 during midday trading on Tuesday, reaching $38.31. 24,854 shares of the company's stock traded hands, compared to its average volume of 217,141. The company has a 50-day moving average price of $39.26 and a two-hundred day moving average price of $35.66. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $42.29. The firm has a market capitalization of $1.25 billion and a PE ratio of 29.24.

Bowhead Specialty (NYSE:BOW - Get Free Report) last released its quarterly 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. As a group, analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS 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.