Charles Schwab Investment Management Inc. Acquires 12,049 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,337 shares of the company's stock after purchasing an additional 12,049 shares during the period. Charles Schwab Investment Management Inc. owned about 0.24% of Bowhead Specialty worth $2,747,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in shares of Bowhead Specialty by 5.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 60,508 shares of the company's stock worth $1,695,000 after buying an additional 2,976 shares during the period. Quantbot Technologies LP bought a new stake in shares of Bowhead Specialty in the 3rd quarter worth about $157,000. BNP Paribas Financial Markets bought a new position in Bowhead Specialty during the 3rd quarter valued at about $484,000. MetLife Investment Management LLC bought a new position in Bowhead Specialty during the 3rd quarter valued at about $123,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Bowhead Specialty by 9.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 131,600 shares of the company's stock valued at $3,686,000 after buying an additional 11,600 shares in the last quarter.

Insider Activity

In other Bowhead Specialty news, Director Ava Schnidman bought 1,493 shares of the business's stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $33.41 per share, for a total transaction of $49,881.13. Following the transaction, the director now owns 1,893 shares in the company, valued at approximately $63,245.13. This trade represents a 373.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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Bowhead Specialty Trading Down 2.6 %

Shares of NYSE BOW traded down $1.08 during trading on Monday, reaching $41.07. The company had a trading volume of 156,706 shares, compared to its average volume of 202,188. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $42.29. The business's 50 day moving average price is $34.20 and its 200-day moving average price is $32.91.

Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its quarterly earnings data 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, equities analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised Bowhead Specialty from a "market perform" rating to an "outperform" rating and set a $44.00 target price on the stock in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Bowhead Specialty has an average rating of "Moderate Buy" and an average price target of $33.60.

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.