Bowhead Specialty Holdings Inc. (NYSE:BOW) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 55.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 647,182 shares of the company's stock after acquiring an additional 230,039 shares during the period. Vanguard Group Inc. owned 1.98% of Bowhead Specialty worth $22,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. New York State Common Retirement Fund purchased a new stake in shares of Bowhead Specialty in the fourth quarter valued at $64,000. US Bancorp DE acquired a new position in Bowhead Specialty in the 4th quarter valued at about $76,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Bowhead Specialty during the 4th quarter worth about $107,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Bowhead Specialty during the 3rd quarter worth about $317,000. Finally, Keybank National Association OH purchased a new stake in shares of Bowhead Specialty during the fourth quarter worth about $320,000.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Ava Schnidman purchased 1,493 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $33.41 per share, for a total transaction of $49,881.13. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bowhead Specialty Price Performance

Bowhead Specialty stock traded up $0.31 during midday trading on Friday, reaching $40.14. The stock had a trading volume of 210,798 shares, compared to its average volume of 212,890. The stock's 50-day simple moving average is $36.43 and its 200 day simple moving average is $34.18. Bowhead Specialty Holdings Inc. has a twelve month low of $22.14 and a twelve month high of $42.29.

Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.07. The business had revenue of $184.77 million for the quarter, compared to analyst estimates of $102.12 million. As a group, research analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current year.

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.