57,532 Shares in Bowhead Specialty Holdings Inc. (NYSE:BOW) Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,532 shares of the company's stock, valued at approximately $1,458,000. The Manufacturers Life Insurance Company owned approximately 0.18% of Bowhead Specialty at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. bought a new position in shares of Bowhead Specialty during the 2nd quarter worth approximately $23,148,000. Victory Capital Management Inc. bought a new position in Bowhead Specialty during the second quarter worth $15,973,000. Emerald Advisers LLC bought a new position in Bowhead Specialty during the second quarter worth $5,954,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Bowhead Specialty in the second quarter valued at $4,901,000. Finally, Peregrine Capital Management LLC bought a new position in shares of Bowhead Specialty in the second quarter valued at about $3,073,000.

Analyst Upgrades and Downgrades

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

Bowhead Specialty Price Performance

NYSE:BOW traded up $0.82 on Friday, hitting $29.26. The company had a trading volume of 78,612 shares, compared to its average volume of 158,638. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $32.55. The company's 50 day moving average price is $28.83.

Bowhead Specialty (NYSE:BOW - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 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 the consensus estimate of $94.28 million. The company's revenue for the quarter was up 51.0% on a year-over-year basis. As a group, analysts expect that Bowhead Specialty Holdings Inc. will post 1.3 EPS for the current year.

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.