XTX Topco Ltd Invests $545,000 in Bowhead Specialty Holdings Inc. (NYSE:BOW)

XTX Topco Ltd purchased a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,334 shares of the company's stock, valued at approximately $545,000.

Several other large investors have also bought and sold shares of the business. Victory Capital Management Inc. raised its position in shares of Bowhead Specialty by 129.0% during the 4th 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 last quarter. American Century Companies Inc. grew its position in shares of Bowhead Specialty by 3.6% during the 4th quarter. American Century Companies Inc. now owns 953,549 shares of the company's stock worth $33,870,000 after buying an additional 32,792 shares during the period. Vanguard Group Inc. increased 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 acquiring an additional 230,039 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Bowhead Specialty by 0.3% in 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 last quarter. Finally, Peregrine Capital Management LLC boosted its stake 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 acquiring an additional 174,172 shares during the last quarter.

Wall Street Analysts Forecast Growth

BOW has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered 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. Piper Sandler initiated 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. JMP Securities lifted their price objective on Bowhead Specialty from $38.00 to $40.00 and gave the company a "market outperform" rating in a report on Friday, April 11th. Finally, 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 note 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $37.17.

Insiders Place Their Bets

In related news, Director Ava Schnidman bought 1,493 shares of the 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 completion of the transaction, the director now owns 1,893 shares in the company, valued at $63,245.13. The trade was a 373.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Bowhead Specialty Stock Down 4.4 %

Shares of NYSE:BOW traded down $1.84 during mid-day trading on Friday, reaching $39.54. 99,971 shares of the stock were exchanged, compared to its average volume of 213,391. The stock's 50 day simple moving average is $37.06 and its 200-day simple moving average is $34.42. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $42.29.

Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.07. The business had revenue of $184.77 million during the quarter, compared to analyst estimates of $102.12 million. On average, sell-side analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 EPS 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.