Quantbot Technologies LP Boosts Stake in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Quantbot Technologies LP increased its position in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 92.9% in the fourth quarter, HoldingsChannel reports. The firm owned 10,842 shares of the company’s stock after purchasing an additional 5,221 shares during the quarter. Quantbot Technologies LP’s holdings in Bowhead Specialty were worth $385,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BOW. American Family Investments Inc. purchased a new position in Bowhead Specialty during the third quarter valued at $169,826,000. Victory Capital Management Inc. lifted its position in Bowhead Specialty by 129.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company’s stock valued at $53,564,000 after acquiring an additional 849,408 shares during the period. Peregrine Capital Management LLC boosted its stake in Bowhead Specialty by 143.3% during the fourth quarter. Peregrine Capital Management LLC now owns 295,723 shares of the company’s stock worth $10,504,000 after acquiring an additional 174,172 shares in the last quarter. Geode Capital Management LLC purchased a new stake in Bowhead Specialty in the third quarter worth about $4,691,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Bowhead Specialty during the third quarter valued at approximately $1,829,000.

Insider Activity at Bowhead Specialty

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

Bowhead Specialty Stock Performance

NYSE:BOW opened at $42.26 on Friday. The firm has a 50-day simple moving average of $34.20 and a two-hundred day simple moving average of $32.86. Bowhead Specialty Holdings Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $42.29.

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

Analysts Set New Price Targets

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

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.