Voleon Capital Management LP Buys Shares of 153,543 Bowhead Specialty Holdings Inc. (NYSE:BOW)

Voleon Capital Management LP purchased a new stake in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 153,543 shares of the company's stock, valued at approximately $5,454,000. Voleon Capital Management LP owned about 0.47% of Bowhead Specialty as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in BOW. Gallatin Point Capital LLC acquired a new position in shares of Bowhead Specialty in the 4th quarter valued at $389,599,000. Victory Capital Management Inc. grew its position in Bowhead Specialty by 129.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company's stock valued at $53,564,000 after acquiring an additional 849,408 shares during the period. Wasatch Advisors LP raised its holdings in shares of Bowhead Specialty by 125.3% in the 4th 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. Vanguard Group Inc. lifted its stake in shares of Bowhead Specialty by 55.1% in the 4th quarter. Vanguard Group Inc. now owns 647,182 shares of the company's stock valued at $22,988,000 after purchasing an additional 230,039 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its position in Bowhead Specialty by 143.3% during the 4th quarter. Peregrine Capital Management LLC now owns 295,723 shares of the company's stock worth $10,504,000 after purchasing an additional 174,172 shares in the last quarter.

Insider Buying and Selling

In related news, Director Ava Schnidman purchased 1,493 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $33.41 per share, with a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

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

Bowhead Specialty Stock Performance

Shares of BOW stock traded up $0.11 during trading hours on Monday, hitting $41.53. 94,241 shares of the company were exchanged, compared to its average volume of 228,503. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $42.29. The business's 50-day simple moving average is $38.08 and its two-hundred day simple moving average is $34.94.

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