SG Americas Securities LLC Acquires New Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

SG Americas Securities LLC bought a new stake in Bowhead Specialty Holdings Inc. (NYSE:BOW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,681 shares of the company’s stock, valued at approximately $344,000.

Several other hedge funds have also made changes to their positions in BOW. Charles Schwab Investment Management Inc. acquired a new stake in Bowhead Specialty during the third quarter worth $1,829,000. Geode Capital Management LLC purchased a new position in Bowhead Specialty during the third quarter worth about $4,691,000. Barclays PLC acquired a new stake in shares of Bowhead Specialty during the third quarter valued at about $479,000. JPMorgan Chase & Co. acquired a new position in shares of Bowhead Specialty in the 3rd quarter worth approximately $1,382,000. Finally, Victory Capital Management Inc. boosted its position in shares of Bowhead Specialty by 4.5% during the 3rd quarter. Victory Capital Management Inc. now owns 658,595 shares of the company’s stock worth $18,447,000 after purchasing an additional 28,235 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BOW shares. Royal Bank of Canada boosted their target price on Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their target price on Bowhead Specialty from $36.00 to $44.00 and gave the company a “market perform” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted 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. Finally, 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 report on Wednesday, November 6th. Three equities 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, Bowhead Specialty has a consensus rating of “Hold” and an average price target of $33.60.

Bowhead Specialty Trading Up 0.6 %

Shares of Bowhead Specialty stock opened at $32.52 on Tuesday. Bowhead Specialty Holdings Inc. has a 52-week low of $22.14 and a 52-week high of $37.81. The company has a 50 day moving average of $34.22 and a 200 day moving average of $31.27.

Bowhead Specialty (NYSE:BOW) last issued its earnings results on Tuesday, November 5th. The company reported $0.38 EPS 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 predict that Bowhead Specialty Holdings Inc. will post 1.36 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.