Arrowstreet Capital Limited Partnership Invests $583,000 in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Arrowstreet Capital Limited Partnership bought a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,400 shares of the company's stock, valued at approximately $583,000. Arrowstreet Capital Limited Partnership owned about 0.05% of Bowhead Specialty as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in BOW. Sei Investments Co. raised its stake in Bowhead Specialty by 0.8% during the fourth quarter. Sei Investments Co. now owns 94,395 shares of the company's stock valued at $3,353,000 after buying an additional 760 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Bowhead Specialty during the 4th quarter valued at about $64,000. Corebridge Financial Inc. raised its position in Bowhead Specialty by 49.9% in the fourth quarter. Corebridge Financial Inc. now owns 5,787 shares of the company's stock worth $206,000 after acquiring an additional 1,926 shares during the period. US Bancorp DE purchased a new position in Bowhead Specialty during the fourth quarter valued at $76,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Bowhead Specialty during the 4th quarter valued at about $107,000.

Insider Buying and Selling

In other news, Director Ava Schnidman bought 1,493 shares of the stock in a transaction dated 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 acquisition, the director now directly owns 1,893 shares in the company, valued at approximately $63,245.13. The trade was a 373.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analysts Set New Price Targets

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

Bowhead Specialty Stock Up 0.9 %

Shares of BOW stock traded up $0.36 during trading on Thursday, hitting $40.19. 19,787 shares of the stock traded hands, compared to its average volume of 212,071. Bowhead Specialty Holdings Inc. has a 52-week low of $22.14 and a 52-week high of $42.29. The firm's fifty day moving average price is $36.14 and its 200-day moving average price is $33.94.

Bowhead Specialty (NYSE:BOW - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.42 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 analysts' expectations of $102.12 million. On average, equities research analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current 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.