Bowhead Specialty Holdings Inc. (NYSE:BOW) Director Ava Schnidman Buys 1,493 Shares of Stock

Bowhead Specialty Holdings Inc. (NYSE:BOW) Director Ava Schnidman acquired 1,493 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $33.41 per share, with a total value of $49,881.13. Following the transaction, the director now directly owns 1,893 shares of the company’s stock, valued at $63,245.13. This trade represents a 373.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Bowhead Specialty Price Performance

Shares of NYSE BOW opened at $34.61 on Tuesday. Bowhead Specialty Holdings Inc. has a 12 month low of $22.14 and a 12 month high of $37.81. The stock has a 50-day moving average price of $32.92 and a two-hundred day moving average price of $31.98.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BOW shares. JPMorgan Chase & Co. upped their price objective on shares of Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods raised shares of 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. JMP Securities boosted their target price on Bowhead Specialty from $32.00 to $33.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their target price on Bowhead Specialty from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Bowhead Specialty in the fourth quarter valued at approximately $445,000. Two Sigma Advisers LP increased its stake in shares of Bowhead Specialty by 575.5% in the fourth quarter. Two Sigma Advisers LP now owns 74,300 shares of the company’s stock valued at $2,639,000 after buying an additional 63,300 shares during the period. Two Sigma Investments LP increased its position in Bowhead Specialty by 143.7% during the 4th quarter. Two Sigma Investments LP now owns 147,486 shares of the company’s stock valued at $5,239,000 after purchasing an additional 86,974 shares during the period. Sandia Investment Management LP acquired a new stake in Bowhead Specialty during the 4th quarter valued at approximately $355,000. Finally, Point72 Asset Management L.P. acquired a new stake in Bowhead Specialty during the 4th quarter valued at approximately $250,000.

About Bowhead Specialty

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.