Occudo Quantitative Strategies LP Has $335,000 Stake in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Occudo Quantitative Strategies LP decreased its holdings in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,444 shares of the company’s stock after selling 518 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Bowhead Specialty were worth $335,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BOW. Millennium Management LLC grew its holdings in shares of Bowhead Specialty by 172.0% during the fourth quarter. Millennium Management LLC now owns 142,381 shares of the company’s stock worth $5,057,000 after purchasing an additional 90,035 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Bowhead Specialty by 66.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,587 shares of the company’s stock worth $234,000 after purchasing an additional 2,625 shares during the last quarter. Lighthouse Investment Partners LLC grew its holdings in shares of Bowhead Specialty by 53.6% during the fourth quarter. Lighthouse Investment Partners LLC now owns 103,325 shares of the company’s stock worth $3,670,000 after purchasing an additional 36,061 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Bowhead Specialty during the fourth quarter worth about $3,092,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Bowhead Specialty during the fourth quarter worth about $737,000.

Bowhead Specialty Stock Performance

NYSE:BOW opened at $38.81 on Friday. The company has a market capitalization of $1.27 billion and a PE ratio of 29.63. The company has a 50 day simple moving average of $39.09 and a two-hundred day simple moving average of $35.45. 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 released its earnings results on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $174.85 million for the quarter, compared to analyst estimates of $105.17 million. Research analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

Insider Activity

In related news, Director Ava Schnidman bought 1,493 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $33.41 per share, for a total transaction of $49,881.13. Following the transaction, the director now directly owns 1,893 shares of the company’s stock, valued at approximately $63,245.13. The trade was a 373.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Piper Sandler assumed coverage on Bowhead Specialty in a report on Wednesday, April 16th. They set an “overweight” rating and a $44.00 price target on the stock. JMP Securities boosted their price target on Bowhead Specialty from $38.00 to $40.00 and gave the stock a “market outperform” rating in a report on Friday, April 11th. Keefe, Bruyette & Woods boosted their price target on Bowhead Specialty from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Bowhead Specialty from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Bowhead Specialty Company 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.