Barclays PLC Makes New $479,000 Investment in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Barclays PLC bought a new stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOWFree Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,082 shares of the company’s stock, valued at approximately $479,000. Barclays PLC owned 0.05% of Bowhead Specialty as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. purchased a new position in Bowhead Specialty during the third quarter worth approximately $1,829,000. Geode Capital Management LLC purchased a new position in shares of Bowhead Specialty during the 3rd quarter valued at approximately $4,691,000. Lighthouse Investment Partners LLC purchased a new position in shares of Bowhead Specialty during the 2nd quarter valued at approximately $2,653,000. Sei Investments Co. acquired a new stake in Bowhead Specialty in the 2nd quarter valued at $2,021,000. Finally, Victory Capital Management Inc. increased its holdings in Bowhead Specialty by 4.5% in the 3rd quarter. Victory Capital Management Inc. now owns 658,595 shares of the company’s stock worth $18,447,000 after acquiring an additional 28,235 shares in the last quarter.

Insider Buying and Selling

In related news, Director Family Mutual Insuran American sold 1,362,285 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $27.70, for a total transaction of $37,735,294.50. Following the completion of the sale, the director now directly owns 4,700,761 shares in the company, valued at approximately $130,211,079.70. This trade represents a 22.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bowhead Specialty Price Performance

NYSE:BOW opened at $33.16 on Friday. Bowhead Specialty Holdings Inc. has a twelve month low of $22.14 and a twelve month high of $37.81. The company’s 50-day moving average price is $34.64 and its 200-day moving average price is $30.71.

Bowhead Specialty (NYSE:BOWGet Free Report) last released 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 business had revenue of $116.76 million during the quarter, compared to analysts’ expectations of $113.00 million. On average, research analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on BOW. Royal Bank of Canada increased their price objective on shares of Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. JMP Securities raised their price target on shares of Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods increased their target price on Bowhead Specialty from $36.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Bowhead Specialty currently has a consensus rating of “Hold” and an average price target of $33.60.

Check Out Our Latest Research Report on BOW

About Bowhead Specialty

(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.

Recommended Stories

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

Receive News & Ratings for Bowhead Specialty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bowhead Specialty and related companies with MarketBeat.com's FREE daily email newsletter.