Price T Rowe Associates Inc. MD Trims Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Price T Rowe Associates Inc. MD cut its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 approximately 3.15% of Bowhead Specialty worth $36,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BOW. Summit Investment Advisors Inc. increased its holdings 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 purchasing an additional 486 shares in the last quarter. Sei Investments Co. grew its position in shares of Bowhead Specialty by 0.8% during the 4th quarter. Sei Investments Co. now owns 94,395 shares of the company's stock worth $3,353,000 after buying an additional 760 shares during the period. Schroder Investment Management Group lifted its position in shares of Bowhead Specialty by 0.3% during the 4th quarter. Schroder Investment Management Group now owns 365,886 shares of the company's stock valued at $12,641,000 after acquiring an additional 1,209 shares during the period. New York State Common Retirement Fund bought a new position in Bowhead Specialty during the fourth quarter worth $64,000. Finally, Corebridge Financial Inc. grew its stake in shares of Bowhead Specialty by 49.9% in the 4th quarter. Corebridge Financial Inc. now owns 5,787 shares of the company's stock valued at $206,000 after buying an additional 1,926 shares during the period.

Insider Activity at Bowhead Specialty

In related news, Director Ava Schnidman bought 1,493 shares of Bowhead Specialty stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $33.41 per share, with a total value of $49,881.13. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bowhead Specialty Price Performance

BOW traded down $1.08 during mid-day trading on Tuesday, reaching $40.22. 87,136 shares of the stock were exchanged, compared to its average volume of 214,805. Bowhead Specialty Holdings Inc. has a 1 year low of $22.14 and a 1 year high of $42.29. The company has a 50 day moving average price of $38.24 and a two-hundred day moving average price of $35.01.

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, hitting analysts' consensus estimates of $0.34. As a group, analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.