121,280 Shares in Bowhead Specialty Holdings Inc. (NYSE:BOW) Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC bought a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 121,280 shares of the company's stock, valued at approximately $3,073,000. Peregrine Capital Management LLC owned approximately 0.38% of Bowhead Specialty as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Allspring Global Investments Holdings LLC purchased a new stake in shares of Bowhead Specialty in the 2nd quarter valued at approximately $2,770,000.

Bowhead Specialty Trading Down 1.1 %

NYSE:BOW traded down $0.34 during midday trading on Friday, reaching $30.98. The stock had a trading volume of 169,143 shares, compared to its average volume of 155,114. Bowhead Specialty Holdings Inc. has a 1-year low of $22.14 and a 1-year high of $32.55. The business has a fifty day moving average price of $27.22.

Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The firm had revenue of $98.90 million during the quarter, compared to analyst estimates of $94.28 million. The company's revenue was up 51.0% on a year-over-year basis. As a group, analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BOW. Royal Bank of Canada restated an "outperform" rating and issued a $32.00 price target on shares of Bowhead Specialty in a research report on Wednesday, August 7th. Morgan Stanley started coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They set an "equal weight" rating and a $26.00 price target on the stock. Keefe, Bruyette & Woods started coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They set a "market perform" rating and a $30.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They set a "neutral" rating and a $27.00 price target on the stock. Finally, JMP Securities started coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They set an "outperform" rating and a $31.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $29.20.

Bowhead Specialty 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.