Bowhead Specialty Holdings Inc. $BOW Shares Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC boosted its position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 40.2% during the fourth quarter, Holdings Channel reports. The firm owned 69,813 shares of the company’s stock after buying an additional 20,032 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Bowhead Specialty were worth $1,992,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Bowhead Specialty during the 2nd quarter worth $52,000. CWM LLC grew its stake in Bowhead Specialty by 257.7% in the 4th quarter. CWM LLC now owns 1,481 shares of the company’s stock valued at $42,000 after acquiring an additional 1,067 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Bowhead Specialty by 99.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,926 shares of the company’s stock valued at $72,000 after acquiring an additional 958 shares in the last quarter. Signaturefd LLC increased its holdings in Bowhead Specialty by 5,123.4% during the 4th quarter. Signaturefd LLC now owns 3,343 shares of the company’s stock valued at $95,000 after acquiring an additional 3,279 shares in the last quarter. Finally, Quarry LP raised its position in Bowhead Specialty by 19,489.5% during the third quarter. Quarry LP now owns 3,722 shares of the company’s stock worth $101,000 after acquiring an additional 3,703 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BOW. Royal Bank Of Canada lowered their price target on shares of Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Piper Sandler upped their target price on Bowhead Specialty from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods increased their target price on Bowhead Specialty from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Citizens Jmp dropped their price target on Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Finally, Weiss Ratings cut Bowhead Specialty from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Bowhead Specialty currently has an average rating of “Moderate Buy” and a consensus price target of $31.43.

Bowhead Specialty Stock Performance

NYSE:BOW opened at $26.81 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $880.34 million, a PE ratio of 15.50, a P/E/G ratio of 0.81 and a beta of -0.15. The firm has a 50 day simple moving average of $24.74 and a 200-day simple moving average of $25.48. Bowhead Specialty Holdings Inc. has a 1-year low of $21.21 and a 1-year high of $37.98.

Bowhead Specialty (NYSE:BOW) last announced its earnings results on Tuesday, May 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $155.69 million for the quarter, compared to analyst estimates of $211.74 million. Bowhead Specialty had a net margin of 9.99% and a return on equity of 13.80%. On average, equities analysts expect that Bowhead Specialty Holdings Inc. will post 1.97 EPS for the current year.

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.