EntryPoint Capital LLC Buys Shares of 10,585 Bowhead Specialty Holdings Inc. (NYSE:BOW)

EntryPoint Capital LLC purchased a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,585 shares of the company’s stock, valued at approximately $376,000.

Several other hedge funds have also recently modified their holdings of the business. Corebridge Financial Inc. increased its holdings in Bowhead Specialty by 49.9% in the 4th quarter. Corebridge Financial Inc. now owns 5,787 shares of the company’s stock worth $206,000 after buying an additional 1,926 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Bowhead Specialty by 55.1% during the 4th quarter. Vanguard Group Inc. now owns 647,182 shares of the company’s stock valued at $22,988,000 after acquiring an additional 230,039 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Bowhead Specialty in the fourth quarter worth approximately $107,000. Sei Investments Co. lifted its position in Bowhead Specialty by 0.8% during the fourth quarter. Sei Investments Co. now owns 94,395 shares of the company’s stock valued at $3,353,000 after purchasing an additional 760 shares during the period. Finally, American Century Companies Inc. lifted its position in Bowhead Specialty by 3.6% during the fourth quarter. American Century Companies Inc. now owns 953,549 shares of the company’s stock valued at $33,870,000 after purchasing an additional 32,792 shares during the period.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Bowhead Specialty

In related news, Director Ava Schnidman acquired 1,493 shares of the stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of $33.41 per share, with a total value of $49,881.13. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Bowhead Specialty Price Performance

BOW opened at $40.36 on Thursday. Bowhead Specialty Holdings Inc. has a 12-month low of $22.14 and a 12-month high of $41.79. The company’s 50 day moving average is $33.85 and its 200 day moving average is $32.73.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings data 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 business had revenue of $184.77 million for the quarter, compared to the consensus estimate of $102.12 million. Equities analysts forecast that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current 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.