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Swiss National Bank lifted its position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW – Free Report) by 38.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,600 shares of the company’s stock after purchasing an additional 7,100 shares during the period. Swiss National Bank’s holdings in Bowhead Specialty were worth $909,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. American Family Investments Inc. acquired a new position in shares of Bowhead Specialty in the third quarter valued at approximately $169,826,000. Victory Capital Management Inc. grew its holdings in Bowhead Specialty by 129.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company’s stock valued at $53,564,000 after buying an additional 849,408 shares in the last quarter. Wasatch Advisors LP grew its holdings in Bowhead Specialty by 16.9% in the 3rd quarter. Wasatch Advisors LP now owns 360,868 shares of the company’s stock valued at $10,108,000 after buying an additional 52,296 shares in the last quarter. 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 buying an additional 174,172 shares during the period. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Bowhead Specialty by 10.9% during the third quarter. Lord Abbett & CO. LLC now owns 257,870 shares of the company’s stock worth $7,223,000 after buying an additional 25,304 shares in the last quarter.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods raised shares of Bowhead Specialty from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.60.
Get Our Latest Stock Analysis on BOW
Insider Buying and Selling
In other news, Director Ava Schnidman purchased 1,493 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $63,245.13. The trade was a 373.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Bowhead Specialty Stock Performance
Shares of NYSE BOW opened at $42.26 on Friday. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $42.29. The stock’s fifty day moving average is $34.20 and its 200 day moving average is $32.88.
Bowhead Specialty (NYSE:BOW – Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $102.12 million. On average, analysts predict 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.
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