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

Peregrine Capital Management LLC boosted its position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 143.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 295,723 shares of the company's stock after buying an additional 174,172 shares during the period. Peregrine Capital Management LLC owned 0.91% of Bowhead Specialty worth $10,504,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. American Family Investments Inc. acquired a new position in shares of Bowhead Specialty in the third quarter valued at approximately $169,826,000. Victory Capital Management Inc. increased its holdings in shares of Bowhead Specialty by 4.5% in the third quarter. Victory Capital Management Inc. now owns 658,595 shares of the company's stock valued at $18,447,000 after purchasing an additional 28,235 shares during the period. Wasatch Advisors LP increased its holdings in shares of Bowhead Specialty by 16.9% in the third quarter. Wasatch Advisors LP now owns 360,868 shares of the company's stock valued at $10,108,000 after purchasing an additional 52,296 shares during the period. Lord Abbett & CO. LLC increased its holdings in shares of Bowhead Specialty by 10.9% in the third quarter. Lord Abbett & CO. LLC now owns 257,870 shares of the company's stock valued at $7,223,000 after purchasing an additional 25,304 shares during the period. Finally, Emerald Advisers LLC increased its holdings in shares of Bowhead Specialty by 3.3% in the third quarter. Emerald Advisers LLC now owns 242,633 shares of the company's stock valued at $6,796,000 after purchasing an additional 7,683 shares during the period.

Bowhead Specialty Stock Down 2.4 %

BOW traded down $0.76 during trading on Friday, reaching $30.98. 127,576 shares of the stock were exchanged, compared to its average volume of 99,888. The business's 50 day moving average price is $33.13 and its two-hundred day moving average price is $31.71. Bowhead Specialty Holdings Inc. has a 1 year low of $22.14 and a 1 year high of $37.81.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BOW shares. JMP Securities boosted their target price on Bowhead Specialty from $32.00 to $33.00 and gave the company a "market outperform" rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their price target on Bowhead Specialty from $36.00 to $44.00 and gave the company a "market perform" rating in a research note on Friday, January 10th. JPMorgan Chase & Co. lifted their price target on Bowhead Specialty from $26.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price target on Bowhead Specialty from $32.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $33.60.

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.