Bleakley Financial Group LLC Sells 26,332 Shares of Bowhead Specialty Holdings Inc. $BOW

Bleakley Financial Group LLC lowered its position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 69.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 11,717 shares of the company’s stock after selling 26,332 shares during the period. Bleakley Financial Group LLC’s holdings in Bowhead Specialty were worth $263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Polar Capital Holdings Plc raised its holdings in shares of Bowhead Specialty by 77.6% in the fourth quarter. Polar Capital Holdings Plc now owns 1,225,000 shares of the company’s stock valued at $34,962,000 after acquiring an additional 535,065 shares in the last quarter. Vanguard Group Inc. grew its holdings in Bowhead Specialty by 36.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company’s stock worth $40,746,000 after acquiring an additional 404,199 shares in the last quarter. Gillson Capital LP bought a new position in Bowhead Specialty during the 4th quarter worth about $11,317,000. American Family Investments Inc. increased its position in Bowhead Specialty by 6.9% during the 2nd quarter. American Family Investments Inc. now owns 5,023,778 shares of the company’s stock valued at $188,542,000 after purchasing an additional 323,017 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in Bowhead Specialty by 286.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 326,228 shares of the company’s stock valued at $8,821,000 after purchasing an additional 241,829 shares during the period.

Bowhead Specialty Price Performance

Shares of BOW stock opened at $30.65 on Monday. The stock’s 50-day moving average is $28.49 and its 200 day moving average is $25.80. Bowhead Specialty Holdings Inc. has a 1-year low of $21.21 and a 1-year high of $34.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $1.01 billion, a P/E ratio of 17.72, a PEG ratio of 0.92 and a beta of -0.10.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.48 EPS for the quarter, beating 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 business had revenue of $155.69 million during the quarter, compared to analyst estimates of $211.74 million. Research analysts predict that Bowhead Specialty Holdings Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group set a $28.00 price target on shares of Bowhead Specialty in a report on Thursday, May 21st. Morgan Stanley increased their price objective on shares of Bowhead Specialty from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Piper Sandler lifted their price objective on shares of Bowhead Specialty from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their price objective on shares of Bowhead Specialty from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada upped their target price on Bowhead Specialty from $30.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.71.

Bowhead Specialty 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.