Victory Capital Management Inc. Acquires 849,408 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

Victory Capital Management Inc. grew its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 129.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,508,003 shares of the company's stock after purchasing an additional 849,408 shares during the quarter. Victory Capital Management Inc. owned about 4.62% of Bowhead Specialty worth $53,564,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. American Family Investments Inc. acquired a new stake in Bowhead Specialty in the 3rd quarter valued at approximately $169,826,000. Peregrine Capital Management LLC grew its stake 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 worth $10,504,000 after acquiring an additional 174,172 shares during the last quarter. Geode Capital Management LLC acquired a new stake in shares of Bowhead Specialty in the third quarter worth $4,691,000. Charles Schwab Investment Management Inc. bought a new position in Bowhead Specialty during the third quarter worth $1,829,000. Finally, Alberta Investment Management Corp raised its stake in Bowhead Specialty by 64.3% during the 4th quarter. Alberta Investment Management Corp now owns 147,032 shares of the company's stock valued at $5,223,000 after purchasing an additional 57,554 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised shares of Bowhead Specialty from a "market perform" rating to an "outperform" rating and set a $44.00 price objective for the company in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Bowhead Specialty presently has a consensus rating of "Moderate Buy" and an average price target of $33.60.

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Insider Transactions at Bowhead Specialty

In other Bowhead Specialty news, Director Ava Schnidman purchased 1,493 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $33.41 per share, with a total value of $49,881.13. Following the completion of the purchase, the director now directly owns 1,893 shares in the company, valued at approximately $63,245.13. This represents a 373.25 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Bowhead Specialty Trading Up 2.2 %

BOW traded up $0.73 during trading on Tuesday, hitting $33.97. The company's stock had a trading volume of 288,633 shares, compared to its average volume of 129,572. The firm's 50 day moving average price is $32.83 and its two-hundred day moving average price is $32.21. Bowhead Specialty Holdings Inc. has a 12 month low of $22.14 and a 12 month high of $37.81.

Bowhead Specialty (NYSE:BOW - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.07. The company had revenue of $184.77 million for the quarter, compared to the consensus estimate of $102.12 million. Analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS 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.