Allspring Global Investments Holdings LLC Purchases Shares of 109,330 Bowhead Specialty Holdings Inc. (NYSE:BOW)

Allspring Global Investments Holdings LLC acquired a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 109,330 shares of the company's stock, valued at approximately $2,770,000. Allspring Global Investments Holdings LLC owned approximately 0.36% of Bowhead Specialty at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BOW. Keefe, Bruyette & Woods began coverage on Bowhead Specialty in a report on Monday, June 17th. They set a "market perform" rating and a $30.00 target price on the stock. JMP Securities assumed coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They issued an "outperform" rating and a $31.00 price objective for the company. Morgan Stanley initiated coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They set an "equal weight" rating and a $26.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Bowhead Specialty in a research report on Monday, June 17th. They issued a "neutral" rating and a $27.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $32.00 price target on shares of Bowhead Specialty in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Bowhead Specialty currently has an average rating of "Hold" and an average target price of $29.20.

Bowhead Specialty Price Performance

NYSE BOW traded down $0.30 during trading hours on Tuesday, hitting $30.68. The company had a trading volume of 72,732 shares, compared to its average volume of 153,919. Bowhead Specialty Holdings Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $32.55. The business has a fifty day moving average of $27.48.

Bowhead Specialty (NYSE:BOW - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping 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 firm's revenue was up 51.0% on a year-over-year basis. Equities research analysts expect that Bowhead Specialty Holdings Inc. will post 1.3 earnings per share for the current fiscal year.

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.