Renaissance Technologies LLC Has $3.53 Million Stock Holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Renaissance Technologies LLC raised its position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 59.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,400 shares of the company's stock after acquiring an additional 37,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.30% of Bowhead Specialty worth $3,531,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund acquired a new stake in Bowhead Specialty in the fourth quarter valued at $64,000. US Bancorp DE acquired a new stake in Bowhead Specialty in the fourth quarter valued at $76,000. KLP Kapitalforvaltning AS acquired a new stake in Bowhead Specialty in the fourth quarter valued at $107,000. Pictet Asset Management Holding SA acquired a new stake in Bowhead Specialty in the fourth quarter valued at $145,000. Finally, Corebridge Financial Inc. lifted its stake in Bowhead Specialty by 49.9% in the fourth quarter. Corebridge Financial Inc. now owns 5,787 shares of the company's stock valued at $206,000 after acquiring an additional 1,926 shares during the last quarter.

Insider Buying and Selling at Bowhead Specialty

In related news, Director Ava Schnidman purchased 1,493 shares of Bowhead Specialty stock in a transaction dated Friday, February 28th. The shares were 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 approximately $63,245.13. This trade represents a 373.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Bowhead Specialty Price Performance

BOW stock traded up $0.36 during mid-day trading on Monday, hitting $40.33. The stock had a trading volume of 134,930 shares, compared to its average volume of 213,740. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $42.29. The firm has a fifty day simple moving average of $37.39 and a 200 day simple moving average of $34.66.

Bowhead Specialty (NYSE:BOW - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.42 EPS 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 the consensus estimate of $102.12 million. On average, analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BOW shares. JPMorgan Chase & Co. raised their target price on shares of Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lowered their price target on shares of Bowhead Specialty from $44.00 to $43.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. JMP Securities raised their price target on shares of Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a research report on Friday, April 11th. Finally, Piper Sandler began coverage on shares of Bowhead Specialty in a research report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.17.

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.