JPMorgan Chase & Co. Has $3.55 Million Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

JPMorgan Chase & Co. lifted its position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 102.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 99,813 shares of the company's stock after purchasing an additional 50,491 shares during the quarter. JPMorgan Chase & Co. owned 0.31% of Bowhead Specialty worth $3,545,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in shares of Bowhead Specialty during the fourth quarter worth approximately $376,000. Corebridge Financial Inc. increased its holdings in Bowhead Specialty by 49.9% during the 4th quarter. Corebridge Financial Inc. now owns 5,787 shares of the company's stock valued at $206,000 after purchasing an additional 1,926 shares in the last quarter. Vanguard Group Inc. increased its holdings in 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 purchasing an additional 230,039 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Bowhead Specialty in the fourth quarter worth $107,000. Finally, Sei Investments Co. grew its holdings in shares of Bowhead Specialty by 0.8% during the fourth quarter. Sei Investments Co. now owns 94,395 shares of the company's stock worth $3,353,000 after purchasing an additional 760 shares during the last quarter.

Bowhead Specialty Stock Down 4.0 %

Bowhead Specialty stock traded down $1.67 during midday trading on Friday, reaching $39.70. The stock had a trading volume of 86,009 shares, compared to its average volume of 213,359. The firm's fifty day simple moving average is $37.06 and its 200-day simple moving average is $34.42. Bowhead Specialty Holdings Inc. has a 1-year low of $22.14 and a 1-year high of $42.29.

Bowhead Specialty (NYSE:BOW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. The company had revenue of $184.77 million during the quarter, compared to the consensus estimate of $102.12 million. On average, analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Piper Sandler started coverage on Bowhead Specialty in a report on Wednesday, April 16th. They issued an "overweight" rating and a $44.00 price target for the company. JPMorgan Chase & Co. upped their target price on shares of Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. JMP Securities boosted their price objective on shares of Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods decreased their price objective on Bowhead Specialty from $44.00 to $43.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Bowhead Specialty currently has an average rating of "Moderate Buy" and a consensus price target of $37.17.

Insider Buying and Selling

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

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.