23,797 Shares in Bowhead Specialty Holdings Inc. (NYSE:BOW) Bought by Walleye Capital LLC

Walleye Capital LLC acquired a new stake in Bowhead Specialty Holdings Inc. (NYSE:BOW) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 23,797 shares of the company’s stock, valued at approximately $845,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp bought a new position in shares of Bowhead Specialty during the 3rd quarter worth approximately $1,426,000. Barclays PLC bought a new position in Bowhead Specialty during the third quarter worth $479,000. Geode Capital Management LLC acquired a new position in shares of Bowhead Specialty in the third quarter valued at $4,691,000. Lord Abbett & CO. LLC raised its position in shares of Bowhead Specialty by 10.9% in the third quarter. Lord Abbett & CO. LLC now owns 257,870 shares of the company’s stock valued at $7,223,000 after purchasing an additional 25,304 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Bowhead Specialty during the 3rd quarter worth about $1,382,000.

Insider Buying and Selling

In related news, Director Ava Schnidman acquired 1,493 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $33.41 per share, with a total value of $49,881.13. Following the purchase, the director now directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Wall Street Analysts Forecast Growth

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

Bowhead Specialty Stock Down 2.8 %

BOW stock opened at $39.10 on Tuesday. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $42.29. The business has a 50-day simple moving average of $36.56 and a 200 day simple moving average of $34.25.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.42 earnings per share (EPS) for the quarter, topping 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. As a group, research analysts forecast that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal year.

Bowhead Specialty 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.