US Bancorp DE Takes Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

US Bancorp DE bought a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,150 shares of the company’s stock, valued at approximately $76,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new stake in Bowhead Specialty during the fourth quarter valued at about $64,000. The Manufacturers Life Insurance Company raised its stake in Bowhead Specialty by 5.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 60,508 shares of the company’s stock valued at $1,695,000 after purchasing an additional 2,976 shares during the period. MetLife Investment Management LLC purchased a new position in Bowhead Specialty in the 3rd quarter worth approximately $123,000. New Vernon Investment Management LLC bought a new position in Bowhead Specialty in the 3rd quarter worth approximately $127,000. Finally, Quantbot Technologies LP purchased a new stake in Bowhead Specialty during the 3rd quarter valued at approximately $157,000.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised shares of Bowhead Specialty from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Bowhead Specialty currently has a consensus rating of “Moderate Buy” and an average price target of $33.60.

Bowhead Specialty Trading Up 2.9 %

NYSE:BOW opened at $36.41 on Tuesday. The business’s 50-day moving average is $32.89 and its 200 day moving average is $32.36. Bowhead Specialty Holdings Inc. has a 12 month low of $22.14 and a 12 month high of $37.81.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.07. The firm had revenue of $184.77 million for the quarter, compared to analysts’ expectations of $102.12 million. On average, equities analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Insider Activity at Bowhead Specialty

In other Bowhead Specialty news, Director Ava Schnidman acquired 1,493 shares of the company’s stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $33.41 per share, with a total value of $49,881.13. Following the purchase, the director now directly owns 1,893 shares of the company’s stock, valued at approximately $63,245.13. This represents a 373.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available 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.