Bleakley Financial Group LLC Takes $1.09 Million Position in Bowhead Specialty Holdings Inc. $BOW

Bleakley Financial Group LLC purchased a new stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 38,049 shares of the company’s stock, valued at approximately $1,086,000. Bleakley Financial Group LLC owned about 0.12% of Bowhead Specialty at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Bowhead Specialty by 257.7% during the 4th quarter. CWM LLC now owns 1,481 shares of the company’s stock valued at $42,000 after purchasing an additional 1,067 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Bowhead Specialty during the 2nd quarter valued at approximately $52,000. Tower Research Capital LLC TRC grew its holdings in shares of Bowhead Specialty by 99.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,926 shares of the company’s stock valued at $72,000 after purchasing an additional 958 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Bowhead Specialty by 5,123.4% during the 4th quarter. Signaturefd LLC now owns 3,343 shares of the company’s stock valued at $95,000 after purchasing an additional 3,279 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Bowhead Specialty by 19,489.5% during the 3rd quarter. Quarry LP now owns 3,722 shares of the company’s stock valued at $101,000 after purchasing an additional 3,703 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BOW shares. Weiss Ratings lowered shares of Bowhead Specialty from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Morgan Stanley lifted their price target on shares of Bowhead Specialty from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Keefe, Bruyette & Woods lifted their price target on shares of Bowhead Specialty from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Piper Sandler boosted their target price on shares of Bowhead Specialty from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Citizens Jmp reduced their target price on shares of Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Bowhead Specialty has a consensus rating of “Moderate Buy” and a consensus target price of $31.43.

Bowhead Specialty Stock Down 0.6%

Bowhead Specialty stock opened at $26.66 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.32. Bowhead Specialty Holdings Inc. has a 12-month low of $21.21 and a 12-month high of $37.98. The firm’s fifty day moving average is $24.84 and its 200 day moving average is $25.49. The company has a market capitalization of $875.46 million, a PE ratio of 15.41, a PEG ratio of 0.81 and a beta of -0.15.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. Bowhead Specialty had a net margin of 9.99% and a return on equity of 13.80%. The firm had revenue of $155.69 million for the quarter, compared to the consensus estimate of $211.74 million. As a group, sell-side analysts predict that Bowhead Specialty Holdings Inc. will post 1.97 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.