Vanguard Group Inc. Buys 230,039 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

Vanguard Group Inc. boosted its position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 55.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 647,182 shares of the company's stock after purchasing an additional 230,039 shares during the period. Vanguard Group Inc. owned about 1.98% of Bowhead Specialty worth $22,988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in Bowhead Specialty by 129.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company's stock valued at $53,564,000 after purchasing an additional 849,408 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Bowhead Specialty by 3.6% in the fourth quarter. American Century Companies Inc. now owns 953,549 shares of the company's stock valued at $33,870,000 after buying an additional 32,792 shares in the last quarter. Peregrine Capital Management LLC raised its holdings in shares of Bowhead Specialty by 143.3% in the fourth quarter. Peregrine Capital Management LLC now owns 295,723 shares of the company's stock valued at $10,504,000 after buying an additional 174,172 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in Bowhead Specialty by 10.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 257,870 shares of the company's stock worth $7,223,000 after buying an additional 25,304 shares in the last quarter. Finally, Geode Capital Management LLC bought a new stake in Bowhead Specialty during the 3rd quarter worth about $4,691,000.

Bowhead Specialty Trading Up 0.8 %

NYSE BOW traded up $0.31 on Friday, reaching $40.14. The company had a trading volume of 210,798 shares, compared to its average volume of 212,890. The stock's 50 day moving average is $36.43 and its 200-day moving average is $34.10. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $42.29.

Bowhead Specialty (NYSE:BOW - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.35 by $0.07. The firm had revenue of $184.77 million during the quarter, compared to the consensus estimate of $102.12 million. Research analysts forecast that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

Wall Street Analyst Weigh In

BOW has been the topic of a number of research reports. Piper Sandler assumed coverage on shares of Bowhead Specialty in a research report on Wednesday. They set an "overweight" rating and a $44.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. JMP Securities raised their price target on Bowhead Specialty from $38.00 to $40.00 and gave the company a "market outperform" rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on Bowhead Specialty from $44.00 to $43.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Bowhead Specialty presently has an average rating of "Moderate Buy" and an average target price of $37.17.

Insiders Place Their Bets

In other news, Director Ava Schnidman bought 1,493 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $33.41 per share, with a total value of $49,881.13. Following the transaction, the director now owns 1,893 shares in the company, valued at $63,245.13. This represents a 373.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.