Price T Rowe Associates Inc. MD Sells 91,979 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

Price T Rowe Associates Inc. MD trimmed its position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,028,354 shares of the company's stock after selling 91,979 shares during the period. Price T Rowe Associates Inc. MD owned 3.15% of Bowhead Specialty worth $36,528,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BOW. State of Tennessee Department of Treasury purchased a new position in shares of Bowhead Specialty during the fourth quarter valued at $199,000. MetLife Investment Management LLC grew its stake in Bowhead Specialty by 64.8% during the 4th quarter. MetLife Investment Management LLC now owns 7,264 shares of the company's stock valued at $258,000 after acquiring an additional 2,855 shares in the last quarter. Gallatin Point Capital LLC acquired a new position in shares of Bowhead Specialty in the 4th quarter valued at about $389,599,000. Marshall Wace LLP lifted its position in shares of Bowhead Specialty by 197.9% in the fourth quarter. Marshall Wace LLP now owns 69,632 shares of the company's stock worth $2,473,000 after purchasing an additional 46,257 shares in the last quarter. Finally, Wasatch Advisors LP boosted its holdings in shares of 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 period.

Bowhead Specialty Trading Up 3.3 %

Bowhead Specialty stock traded up $1.31 during mid-day trading on Friday, hitting $41.31. 255,644 shares of the company's stock were exchanged, compared to its average volume of 214,557. Bowhead Specialty Holdings Inc. has a 1-year low of $22.14 and a 1-year high of $42.29. The stock has a 50 day moving average of $38.08 and a two-hundred day moving average of $34.89.

Bowhead Specialty (NYSE:BOW - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates 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 forecast that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Piper Sandler began coverage on shares of Bowhead Specialty in a research note on Wednesday, April 16th. They issued an "overweight" rating and a $44.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. JMP Securities boosted their target price 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. Finally, Keefe, Bruyette & Woods cut their price target on Bowhead Specialty from $44.00 to $43.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Two equities 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 has a consensus rating of "Moderate Buy" and a consensus price target of $37.17.

Insider Transactions at Bowhead Specialty

In other news, Director Ava Schnidman bought 1,493 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $33.41 per share, for a total transaction of $49,881.13. Following the acquisition, the director now directly owns 1,893 shares of the company's stock, 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 SEC, which is accessible through the SEC website.

About Bowhead Specialty

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.