American Century Companies Inc. Acquires 32,792 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

American Century Companies Inc. raised its stake in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 953,549 shares of the company's stock after purchasing an additional 32,792 shares during the quarter. American Century Companies Inc. owned 2.92% of Bowhead Specialty worth $33,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. New York State Common Retirement Fund purchased a new position in shares of Bowhead Specialty in the 4th quarter valued at approximately $64,000. US Bancorp DE bought a new position in Bowhead Specialty during the 4th quarter valued at approximately $76,000. MetLife Investment Management LLC purchased a new position in Bowhead Specialty during the third quarter valued at $123,000. New Vernon Investment Management LLC purchased a new stake in shares of Bowhead Specialty in the third quarter worth $127,000. Finally, Quantbot Technologies LP purchased a new stake in Bowhead Specialty during the 3rd quarter valued at about $157,000.

Analysts Set New Price Targets

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 for the company in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.60.

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Insiders Place Their Bets

In related news, Director Ava Schnidman bought 1,493 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $33.41 per share, with a total value of $49,881.13. Following 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bowhead Specialty Stock Up 1.7 %

Shares of BOW traded up $0.69 during mid-day trading on Wednesday, hitting $41.69. 331,263 shares of the company traded hands, compared to its average volume of 206,128. The stock has a 50-day moving average price of $34.72 and a two-hundred day moving average price of $33.14. Bowhead Specialty Holdings Inc. has a 1 year low of $22.14 and a 1 year high of $42.29.

Bowhead Specialty (NYSE:BOW - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.42 earnings per share 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 the consensus estimate of $102.12 million. Equities research analysts forecast that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current year.

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.