Boston Partners Sells 9,252 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

Boston Partners cut its holdings in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 44.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,499 shares of the company’s stock after selling 9,252 shares during the period. Boston Partners’ holdings in Bowhead Specialty were worth $408,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund bought a new stake in Bowhead Specialty during the 4th quarter valued at $64,000. US Bancorp DE purchased a new stake in shares of Bowhead Specialty during the 4th quarter worth $76,000. The Manufacturers Life Insurance Company boosted its position in Bowhead Specialty by 5.2% during the third quarter. The Manufacturers Life Insurance Company now owns 60,508 shares of the company’s stock valued at $1,695,000 after purchasing an additional 2,976 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Bowhead Specialty in the third quarter valued at about $123,000. Finally, New Vernon Investment Management LLC bought a new position in Bowhead Specialty in the third quarter worth about $127,000.

Bowhead Specialty Stock Down 1.8 %

Shares of NYSE:BOW opened at $37.90 on Monday. The business’s 50-day moving average is $33.36 and its 200 day moving average is $32.55. Bowhead Specialty Holdings Inc. has a 1 year low of $22.14 and a 1 year high of $39.43.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The company had revenue of $184.77 million for the quarter, compared to analyst estimates of $102.12 million. On average, equities research analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

Insider Activity at Bowhead Specialty

In other news, Director Ava Schnidman purchased 1,493 shares of the company’s stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $33.41 per share, for a total transaction of $49,881.13. Following the purchase, the director now owns 1,893 shares in the company, valued at $63,245.13. This trade represents a 373.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded shares of Bowhead Specialty from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.60.

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.