Bowhead Specialty Holdings Inc. (NYSE:BOW) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 30.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 218,642 shares of the company's stock after purchasing an additional 51,209 shares during the quarter. Geode Capital Management LLC owned about 0.67% of Bowhead Specialty worth $7,768,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Bowhead Specialty by 18.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 77,337 shares of the company's stock worth $2,747,000 after purchasing an additional 12,049 shares during the period. Barclays PLC acquired a new stake in shares of Bowhead Specialty during the 3rd quarter worth $479,000. JPMorgan Chase & Co. raised its position in shares of Bowhead Specialty by 102.4% in the 4th quarter. JPMorgan Chase & Co. now owns 99,813 shares of the company's stock worth $3,545,000 after buying an additional 50,491 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Bowhead Specialty in the fourth quarter valued at $583,000. Finally, Bank of New York Mellon Corp grew its position in Bowhead Specialty by 180.6% during the fourth quarter. Bank of New York Mellon Corp now owns 29,550 shares of the company's stock valued at $1,050,000 after acquiring an additional 19,018 shares during the period.

Insiders Place Their Bets

In other Bowhead Specialty news, Director Ava Schnidman bought 1,493 shares of the company's stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $33.41 per share, with a total value of $49,881.13. Following the completion of the transaction, the director now owns 1,893 shares in the company, valued at $63,245.13. The trade was a 373.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bowhead Specialty Stock Performance

Bowhead Specialty stock traded up $0.36 during midday trading on Monday, hitting $40.33. 134,930 shares of the company were exchanged, compared to its average volume of 213,740. Bowhead Specialty Holdings Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $42.29. The company's fifty day moving average price is $37.22 and its 200-day moving average price is $34.58.

Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BOW shares. JMP Securities raised their price objective on Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, April 11th. JPMorgan Chase & Co. raised their price target on shares of Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Piper Sandler began coverage on shares of Bowhead Specialty in a research note on Wednesday, April 16th. They set an "overweight" rating and a $44.00 price objective for the company. Finally, Keefe, Bruyette & Woods cut their target price on shares of 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 issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $37.17.

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.