107,942 Shares in Bowhead Specialty Holdings Inc. (NYSE:BOW) Purchased by Millennium Management LLC

Millennium Management LLC acquired a new stake 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 Securities & Exchange Commission. The fund acquired 107,942 shares of the company's stock, valued at approximately $2,735,000. Millennium Management LLC owned about 0.34% of Bowhead Specialty as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sandia Investment Management LP purchased a new position in shares of Bowhead Specialty during the second quarter valued at approximately $127,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Bowhead Specialty during the second quarter valued at approximately $192,000. Davidson Kempner Capital Management LP purchased a new stake in Bowhead Specialty during the second quarter valued at approximately $253,000. TD Asset Management Inc purchased a new stake in Bowhead Specialty during the second quarter valued at approximately $265,000. Finally, Rathbones Group PLC purchased a new stake in Bowhead Specialty during the second quarter valued at approximately $266,000.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They set a "neutral" rating and a $27.00 target price for the company. Morgan Stanley assumed coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They set an "equal weight" rating and a $26.00 target price for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $32.00 target price on shares of Bowhead Specialty in a report on Wednesday, August 7th. JMP Securities upped their target price on shares of Bowhead Specialty from $31.00 to $32.00 and gave the company a "market outperform" rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They set a "market perform" rating and a $30.00 target price for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $29.40.

Bowhead Specialty Stock Performance

Shares of NYSE:BOW traded up $1.40 during midday trading on Tuesday, reaching $30.54. 147,860 shares of the company were exchanged, compared to its average volume of 157,355. The company's fifty day moving average is $28.91. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $32.55.

Bowhead Specialty (NYSE:BOW - Get Free Report) last issued its earnings results 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 company had revenue of $98.90 million for the quarter, compared to the consensus estimate of $94.28 million. The business's revenue for the quarter was up 51.0% compared to the same quarter last year. As a group, research analysts predict that Bowhead Specialty Holdings Inc. will post 1.3 earnings per share 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.