Ava Schnidman Purchases 1,493 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) Stock

Bowhead Specialty Holdings Inc. (NYSE:BOW) Director Ava Schnidman acquired 1,493 shares of Bowhead Specialty stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $33.41 per share, with a total value of $49,881.13. Following the completion of the purchase, the director now owns 1,893 shares of the company’s stock, valued at approximately $63,245.13. The trade was a 373.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bowhead Specialty Stock Up 1.0 %

NYSE:BOW opened at $34.40 on Thursday. The company has a 50 day moving average price of $32.91 and a 200-day moving average price of $32.09. Bowhead Specialty Holdings Inc. has a 1-year low of $22.14 and a 1-year high of $37.81.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The firm had revenue of $184.77 million during the quarter, compared to analysts’ expectations of $102.12 million. Analysts forecast that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Bowhead Specialty

Several institutional investors and hedge funds have recently modified their holdings of BOW. Gallatin Point Capital LLC acquired a new stake in Bowhead Specialty in the fourth quarter valued at approximately $389,599,000. American Family Investments Inc. purchased a new position in shares of Bowhead Specialty during the 3rd quarter valued at approximately $169,826,000. Victory Capital Management Inc. lifted its position in shares of 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 buying an additional 849,408 shares in the last quarter. American Century Companies Inc. increased its holdings in Bowhead Specialty by 3.6% in the 4th quarter. American Century Companies Inc. now owns 953,549 shares of the company’s stock worth $33,870,000 after acquiring an additional 32,792 shares in the last quarter. Finally, Wasatch Advisors LP lifted its holdings in Bowhead Specialty by 125.3% during the fourth quarter. Wasatch Advisors LP now owns 812,901 shares of the company’s stock valued at $28,874,000 after purchasing an additional 452,033 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BOW. JMP Securities increased their price target on shares of Bowhead Specialty from $32.00 to $33.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods upgraded shares of Bowhead Specialty from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Bowhead Specialty from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada increased their price target on Bowhead Specialty from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Bowhead Specialty presently has an average rating of “Moderate Buy” 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.