Keybank National Association OH Takes $320,000 Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Keybank National Association OH purchased a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,000 shares of the company's stock, valued at approximately $320,000.

Several other large investors also recently modified their holdings of BOW. Charles Schwab Investment Management Inc. grew its position 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 valued at $2,747,000 after buying an additional 12,049 shares during the period. US Bancorp DE bought a new stake in shares of Bowhead Specialty during the 4th quarter valued at $76,000. Bank of New York Mellon Corp increased its stake in shares of Bowhead Specialty by 180.6% in the 4th quarter. Bank of New York Mellon Corp now owns 29,550 shares of the company's stock worth $1,050,000 after purchasing an additional 19,018 shares in the last quarter. Alberta Investment Management Corp raised its holdings in Bowhead Specialty by 64.3% in the 4th quarter. Alberta Investment Management Corp now owns 147,032 shares of the company's stock worth $5,223,000 after purchasing an additional 57,554 shares during the period. Finally, New York State Common Retirement Fund purchased a new position in Bowhead Specialty during the fourth quarter valued at $64,000.

Bowhead Specialty Stock Performance

Shares of NYSE BOW traded up $0.86 during mid-day trading on Friday, reaching $35.32. The company's stock had a trading volume of 332,328 shares, compared to its average volume of 139,525. The stock has a fifty day moving average of $32.78 and a two-hundred day moving average of $32.26. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $37.81.

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Bowhead Specialty (NYSE:BOW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.07. The company had revenue of $184.77 million for the quarter, compared to analysts' expectations of $102.12 million. As a group, equities research analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS 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 price objective on the stock in a research report on Monday, March 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.60.

Insider Buying and Selling at Bowhead Specialty

In other news, Director Ava Schnidman purchased 1,493 shares of the business's stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $33.41 per share, for a total transaction of $49,881.13. Following the acquisition, the director now directly owns 1,893 shares of the company's stock, valued at $63,245.13. This represents a 373.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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.