Barclays PLC Purchases New Holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Barclays PLC acquired a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,082 shares of the company’s stock, valued at approximately $479,000. Barclays PLC owned approximately 0.05% of Bowhead Specialty as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new position in Bowhead Specialty during the second quarter worth $117,000. MetLife Investment Management LLC bought a new position in shares of Bowhead Specialty in the 3rd quarter valued at about $123,000. Sandia Investment Management LP acquired a new position in shares of Bowhead Specialty during the 2nd quarter worth about $127,000. New Vernon Investment Management LLC bought a new stake in shares of Bowhead Specialty in the 3rd quarter valued at about $127,000. Finally, Quantbot Technologies LP acquired a new stake in Bowhead Specialty in the 3rd quarter valued at about $157,000.

Insiders Place Their Bets

In other Bowhead Specialty news, Director Family Mutual Insuran American sold 1,362,285 shares of Bowhead Specialty stock in a transaction on Friday, October 25th. The stock was sold at an average price of $27.70, for a total value of $37,735,294.50. Following the completion of the transaction, the director now directly owns 4,700,761 shares of the company’s stock, valued at $130,211,079.70. The trade was a 22.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Bowhead Specialty Price Performance

NYSE:BOW opened at $34.34 on Friday. The stock has a 50 day simple moving average of $34.19 and a 200 day simple moving average of $30.16. 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 posted its earnings results on Tuesday, November 5th. The company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $116.76 million for the quarter, compared to analyst estimates of $113.00 million. On average, research analysts forecast that Bowhead Specialty Holdings Inc. will post 1.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank of Canada boosted 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. Keefe, Bruyette & Woods boosted their target price on Bowhead Specialty from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. JMP Securities raised their price target on Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Bowhead Specialty from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.00.

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.