1 day Ago By Defense World Staff
Legal & General Group Plc grew its position in Bowhead Specialty Holdings Inc. (NYSE:BOW – Free Report) by 66.8% during the fourth quarter, according to its most recent 13F filing with the SEC.
The institutional investor owned 11,243 shares of the company’s stock after buying an additional 4,501 shares during the period. Legal & General Group Plc’s holdings in Bowhead Specialty were worth $399,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently modified their holdings of the company.
State Street Corp acquired a new stake in Bowhead Specialty in the third quarter valued at approximately $1,426,000. Barclays PLC acquired a new stake in shares of Bowhead Specialty in the 3rd quarter worth $479,000. Geode Capital Management LLC acquired a new stake in shares of Bowhead Specialty in the 3rd quarter worth $4,691,000.
Lord Abbett & CO. LLC increased its position in Bowhead Specialty by 10.9% during the 3rd quarter.
Lord Abbett & CO. LLC now owns 257,870 shares of the company’s stock valued at $7,223,000 after buying an additional 25,304 shares in the last quarter. Finally, JPMorgan Chase & Co.
purchased a new stake in Bowhead Specialty in the third quarter valued at about $1,382,000. Bowhead Specialty Stock Up 1.2 %Bowhead Specialty stock opened at $40.
90 on Wednesday. The company has a fifty day simple moving average of $37.58 and a 200-day simple moving average of $34.
70. Bowhead Specialty Holdings Inc. has a 52-week low of $22.
14 and a 52-week high of $42.29. Bowhead Specialty (NYSE:BOW – Get Free Report) last released its quarterly earnings data on Tuesday, February 25th.
The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.
07. The business had revenue of $184.77 million during the quarter, compared to analyst estimates of $102.
12 million. Equities analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.
36 EPS for the current fiscal year. Insider Activity at Bowhead SpecialtyIn related news, Director Ava Schnidman bought 1,493 shares of the business’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 $63,245.
13. The trade was a 373.25 % increase in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Analyst Upgrades and DowngradesA number of research firms have issued reports on BOW. JMP Securities raised their price target on shares of Bowhead Specialty from $38.
00 to $40.00 and gave the stock a “market outperform” rating in a report on Friday, April 11th. Piper Sandler began coverage on Bowhead Specialty in a research report on Wednesday, April 16th.
They set an “overweight” rating and a $44.00 target price on the stock. Keefe, Bruyette & Woods cut their price target on shares of Bowhead Specialty from $44.
00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co.
upped their price objective on shares of Bowhead Specialty from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th.
Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.17.
View Our Latest Analysis on BOWAbout Bowhead Specialty (Free Report)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.See AlsoFive stocks we like better than Bowhead SpecialtyWhat Are Earnings Reports?Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over YetHow to Invest in Biotech StocksCoca-Cola Company Stock Can Bubble to New Highs This YearGrowth Investing: Should You Adopt This Investing Strategy in 2022?3 Stocks Lifting 2025 Guidance Despite Market JittersWant to see what other hedge funds are holding BOW? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Bowhead Specialty Holdings Inc. (NYSE:BOW – Free Report)..
