Bowhead Specialty Holdings Inc. (NYSE:BOW) Stock Holdings Lifted by Polar Capital Holdings Plc

Polar Capital Holdings Plc lifted its stake in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 160.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 550,000 shares of the company's stock after purchasing an additional 338,738 shares during the quarter. Polar Capital Holdings Plc owned about 1.68% of Bowhead Specialty worth $19,536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BOW. Nuveen Asset Management LLC raised its holdings in Bowhead Specialty by 60.2% in the 4th quarter. Nuveen Asset Management LLC now owns 14,893 shares of the company's stock worth $529,000 after purchasing an additional 5,596 shares during the period. Millennium Management LLC raised its holdings in Bowhead Specialty by 172.0% in the 4th quarter. Millennium Management LLC now owns 142,381 shares of the company's stock worth $5,057,000 after purchasing an additional 90,035 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Bowhead Specialty by 66.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,587 shares of the company's stock worth $234,000 after purchasing an additional 2,625 shares during the period. Lighthouse Investment Partners LLC raised its holdings in Bowhead Specialty by 53.6% in the 4th quarter. Lighthouse Investment Partners LLC now owns 103,325 shares of the company's stock worth $3,670,000 after purchasing an additional 36,061 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Bowhead Specialty in the 4th quarter worth about $3,092,000.

Insider Activity

In other Bowhead Specialty news, Director Ava Schnidman bought 1,493 shares of the business's stock in a transaction on 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 directly owns 1,893 shares of the company's stock, valued at approximately $63,245.13. The trade was a 373.25% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

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

Bowhead Specialty Trading Down 0.8%

Shares of NYSE BOW traded down $0.29 during midday trading on Wednesday, reaching $38.30. 41,614 shares of the company were exchanged, compared to its average volume of 235,250. The stock has a fifty day simple moving average of $39.35 and a 200 day simple moving average of $35.68. Bowhead Specialty Holdings Inc. has a 1 year low of $22.14 and a 1 year high of $42.29. The stock has a market cap of $1.25 billion and a P/E ratio of 29.24.

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