Bowhead Specialty Holdings Inc. (NYSE:BOW) Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP grew its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 16.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,868 shares of the company's stock after buying an additional 52,296 shares during the quarter. Wasatch Advisors LP owned about 1.10% of Bowhead Specialty worth $10,108,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BOW. American Century Companies Inc. acquired a new stake in shares of Bowhead Specialty in the second quarter valued at approximately $23,148,000. Victory Capital Management Inc. lifted its stake in Bowhead Specialty by 4.5% in the 3rd quarter. Victory Capital Management Inc. now owns 658,595 shares of the company's stock valued at $18,447,000 after buying an additional 28,235 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in Bowhead Specialty during the second quarter worth $7,866,000. Emerald Advisers LLC raised its holdings in shares of Bowhead Specialty by 3.3% in the third quarter. Emerald Advisers LLC now owns 242,633 shares of the company's stock worth $6,796,000 after acquiring an additional 7,683 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in shares of Bowhead Specialty by 0.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 194,333 shares of the company's stock valued at $5,443,000 after acquiring an additional 937 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Bowhead Specialty from $26.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price objective on shares of Bowhead Specialty from $32.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods raised their target price on shares of Bowhead Specialty from $30.00 to $33.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 29th. Finally, JMP Securities boosted their price target on Bowhead Specialty from $32.00 to $33.00 and gave the company a "market outperform" rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.40.

Bowhead Specialty Trading Up 1.9 %

Shares of NYSE:BOW traded up $0.68 during midday trading on Friday, hitting $36.84. 85,024 shares of the company's stock traded hands, compared to its average volume of 220,990. The firm has a fifty day moving average price of $31.08. Bowhead Specialty Holdings Inc. has a twelve month low of $22.14 and a twelve month high of $37.12.

Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.38. The company had revenue of $116.76 million during the quarter, compared to analyst estimates of $113.00 million. On average, analysts predict that Bowhead Specialty Holdings Inc. will post 1.38 earnings per share for the current year.

Insider Transactions at Bowhead Specialty

In related news, Director Family Mutual Insuran American sold 1,362,285 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $27.70, for a total value of $37,735,294.50. Following the completion of the transaction, the director now owns 4,700,761 shares of the company's stock, valued at approximately $130,211,079.70. This represents a 22.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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.