New York State Common Retirement Fund Acquires Shares of 1,800 Bowhead Specialty Holdings Inc. (NYSE:BOW)

New York State Common Retirement Fund bought a new stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,800 shares of the company’s stock, valued at approximately $64,000.

Other large investors have also recently made changes to their positions in the company. MetLife Investment Management LLC bought a new position in Bowhead Specialty in the third quarter worth about $123,000. New Vernon Investment Management LLC acquired a new position in Bowhead Specialty in the 3rd quarter worth approximately $127,000. Quantbot Technologies LP purchased a new stake in Bowhead Specialty in the 3rd quarter worth approximately $157,000. Y Intercept Hong Kong Ltd purchased a new stake in Bowhead Specialty in the 3rd quarter worth approximately $317,000. Finally, SG Americas Securities LLC purchased a new position in shares of Bowhead Specialty during the 4th quarter valued at approximately $344,000.

Analysts Set New Price Targets

BOW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on Bowhead Specialty from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods raised Bowhead Specialty from a “market perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research report on Monday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Bowhead Specialty currently has a consensus rating of “Moderate Buy” and an average target price of $33.60.

Bowhead Specialty Trading Down 1.8 %

Shares of BOW opened at $33.76 on Friday. The stock has a 50-day simple moving average of $32.88 and a 200-day simple moving average of $32.11. 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, February 25th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. The business had revenue of $184.77 million for the quarter, compared to analysts’ expectations of $102.12 million. As a group, equities analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ava Schnidman bought 1,493 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $33.41 per share, with a total value of $49,881.13. Following the completion of the acquisition, the director now owns 1,893 shares in the company, valued at approximately $63,245.13. This trade represents a 373.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.