Geode Capital Management LLC Purchases Shares of 167,433 Bowhead Specialty Holdings Inc. (NYSE:BOW)

Geode Capital Management LLC acquired a new position in Bowhead Specialty Holdings Inc. (NYSE:BOWFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 167,433 shares of the company’s stock, valued at approximately $4,691,000. Geode Capital Management LLC owned approximately 0.51% of Bowhead Specialty as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BOW. Point72 Asset Management L.P. purchased a new position in Bowhead Specialty in the 2nd quarter worth about $117,000. MetLife Investment Management LLC purchased a new stake in shares of Bowhead Specialty during the third quarter worth $123,000. Sandia Investment Management LP purchased a new stake in shares of Bowhead Specialty during the second quarter worth $127,000. New Vernon Investment Management LLC acquired a new stake in Bowhead Specialty during the third quarter valued at $127,000. Finally, Quantbot Technologies LP purchased a new position in Bowhead Specialty in the third quarter valued at about $157,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank of Canada increased their target price on shares of Bowhead Specialty from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. upped their price target 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. Keefe, Bruyette & Woods raised their price target on Bowhead Specialty from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, JMP Securities boosted their price objective on Bowhead Specialty from $32.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Bowhead Specialty currently has an average rating of “Hold” and a consensus target price of $32.00.

View Our Latest Analysis on BOW

Bowhead Specialty Trading Down 1.4 %

BOW stock opened at $33.85 on Monday. Bowhead Specialty Holdings Inc. has a 1-year low of $22.14 and a 1-year high of $37.81. The business’s 50 day moving average is $34.28 and its 200-day moving average is $30.24.

Bowhead Specialty (NYSE:BOWGet Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $116.76 million during the quarter, compared to analyst estimates of $113.00 million. On average, analysts forecast that Bowhead Specialty Holdings Inc. will post 1.38 earnings per share for the current year.

Insider Buying and Selling at Bowhead Specialty

In other news, Director Family Mutual Insuran American sold 1,362,285 shares of Bowhead Specialty stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $27.70, for a total transaction of $37,735,294.50. Following the transaction, the director now owns 4,700,761 shares in the company, valued at $130,211,079.70. The trade was a 22.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Bowhead Specialty Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bowhead Specialty (NYSE:BOW)

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