Bowhead Specialty Holdings Inc. (NYSE:BOW) Shares Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC boosted its position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 53.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,325 shares of the company's stock after purchasing an additional 36,061 shares during the quarter. Lighthouse Investment Partners LLC owned about 0.32% of Bowhead Specialty worth $3,670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Summit Investment Advisors Inc. lifted its stake 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 acquiring an additional 486 shares during the period. New York State Common Retirement Fund bought a new position in Bowhead Specialty in the fourth quarter worth approximately $64,000. US Bancorp DE purchased a new stake in Bowhead Specialty during the fourth quarter worth $76,000. KLP Kapitalforvaltning AS bought a new stake in Bowhead Specialty during the 4th quarter valued at $107,000. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Bowhead Specialty in the 4th quarter valued at $145,000.

Insider Activity at Bowhead Specialty

In other Bowhead Specialty news, Director Ava Schnidman acquired 1,493 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $33.41 per share, with a total value of $49,881.13. Following the completion of the purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bowhead Specialty Price Performance

BOW traded down $0.45 during trading hours on Friday, reaching $38.36. The company's stock had a trading volume of 235,239 shares, compared to its average volume of 217,590. The business's 50-day moving average is $39.09 and its 200-day moving average is $35.45. The stock has a market cap of $1.25 billion and a PE ratio of 29.28. Bowhead Specialty Holdings Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $42.29.

Bowhead Specialty (NYSE:BOW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $174.85 million during the quarter, compared to analysts' expectations of $105.17 million. Analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BOW shares. JMP Securities upped their price objective on Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. raised their price target on shares of Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Bowhead Specialty from $43.00 to $45.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, Piper Sandler started 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 for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.50.

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.