Bowhead Specialty Holdings Inc. (NYSE:BOW) Stock Holdings Increased by Marshall Wace LLP

Marshall Wace LLP raised its position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 197.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,632 shares of the company's stock after purchasing an additional 46,257 shares during the period. Marshall Wace LLP owned about 0.21% of Bowhead Specialty worth $2,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in Bowhead Specialty by 129.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company's stock worth $53,564,000 after buying an additional 849,408 shares during the last quarter. American Century Companies Inc. grew 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 period. Wasatch Advisors LP increased its position in Bowhead Specialty by 125.3% during the fourth quarter. Wasatch Advisors LP now owns 812,901 shares of the company's stock worth $28,874,000 after purchasing an additional 452,033 shares during the last quarter. Vanguard Group Inc. increased its position in Bowhead Specialty by 55.1% during the fourth quarter. Vanguard Group Inc. now owns 647,182 shares of the company's stock worth $22,988,000 after purchasing an additional 230,039 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in Bowhead Specialty by 0.3% during the fourth quarter. Schroder Investment Management Group now owns 365,886 shares of the company's stock worth $12,641,000 after purchasing an additional 1,209 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BOW. Keefe, Bruyette & Woods lowered their price objective 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. JMP Securities boosted their price target on Bowhead Specialty from $38.00 to $40.00 and gave the company a "market outperform" rating in a research report on Friday, April 11th. Piper Sandler assumed coverage on Bowhead Specialty in a report on Wednesday, April 16th. They issued an "overweight" rating and a $44.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.17.

Bowhead Specialty Price Performance

Shares of BOW stock traded up $0.84 during trading hours on Friday, reaching $40.84. The company had a trading volume of 43,746 shares, compared to its average volume of 213,677. Bowhead Specialty Holdings Inc. has a twelve month low of $22.14 and a twelve month high of $42.31. The stock's fifty day simple moving average is $37.93 and its 200 day simple moving average is $34.82.

Bowhead Specialty (NYSE:BOW - Get Free Report) last announced its earnings results 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 firm had revenue of $184.77 million during the quarter, compared to analysts' expectations of $102.12 million. On average, equities analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Insider Transactions at Bowhead Specialty

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

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.