Bowhead Specialty Holdings Inc. (NYSE:BOW) Shares Purchased by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. raised its stake in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 34.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,656 shares of the company’s stock after acquiring an additional 46,309 shares during the period. Alyeska Investment Group L.P. owned 0.55% of Bowhead Specialty worth $6,381,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Gallatin Point Capital LLC acquired a new position in Bowhead Specialty during the 4th quarter valued at approximately $389,599,000. Victory Capital Management Inc. boosted its holdings in shares of 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 grew its position in shares of Bowhead Specialty by 125.3% during the fourth quarter. Wasatch Advisors LP now owns 812,901 shares of the company’s stock worth $28,874,000 after acquiring an additional 452,033 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 worth $22,988,000 after acquiring an additional 230,039 shares during the period. Finally, Peregrine Capital Management LLC lifted its position in Bowhead Specialty by 143.3% in the 4th quarter. Peregrine Capital Management LLC now owns 295,723 shares of the company’s stock valued at $10,504,000 after purchasing an additional 174,172 shares during the last quarter.

Insider Buying and Selling

In related news, Director Ava Schnidman purchased 1,493 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $33.41 per share, for a total transaction of $49,881.13. Following the completion of the acquisition, the director now owns 1,893 shares in the company, valued at $63,245.13. This trade represents a 373.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bowhead Specialty Trading Down 0.2 %

Shares of BOW stock opened at $41.33 on Tuesday. Bowhead Specialty Holdings Inc. has a 1 year low of $22.14 and a 1 year high of $42.29. The business’s fifty day moving average is $38.24 and its 200-day moving average is $35.01.

Bowhead Specialty (NYSE:BOW) last released 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 firm had revenue of $184.77 million for the quarter, compared to analyst estimates of $102.12 million. As a group, sell-side analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.