Lighthouse Investment Partners LLC Acquires 36,061 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

Lighthouse Investment Partners LLC raised its position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 53.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,325 shares of the company’s stock after acquiring an additional 36,061 shares during the period. Lighthouse Investment Partners LLC owned approximately 0.32% of Bowhead Specialty worth $3,670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Bowhead Specialty by 0.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 60,963 shares of the company’s stock worth $2,165,000 after purchasing an additional 455 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Bowhead Specialty by 66.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,218 shares of the company’s stock valued at $43,000 after buying an additional 486 shares during the last quarter. Sei Investments Co. lifted its position in shares of Bowhead Specialty by 0.8% during the fourth quarter. Sei Investments Co. now owns 94,395 shares of the company’s stock valued at $3,353,000 after buying an additional 760 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Bowhead Specialty by 0.3% during the fourth quarter. Schroder Investment Management Group now owns 365,886 shares of the company’s stock valued at $12,641,000 after buying an additional 1,209 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new position in shares of Bowhead Specialty in the 4th quarter valued at approximately $64,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BOW. JPMorgan Chase & Co. increased their price objective 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. JMP Securities raised their price objective on shares of Bowhead Specialty from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Friday, April 11th. Piper Sandler began coverage on shares of Bowhead Specialty in a research note on Wednesday, April 16th. They set an “overweight” rating and a $44.00 price objective on the stock. Finally, Keefe, Bruyette & Woods increased their target price on Bowhead Specialty from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Bowhead Specialty Stock Performance

Shares of BOW stock opened at $38.72 on Tuesday. Bowhead Specialty Holdings Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $42.29. The stock’s fifty day moving average is $38.80 and its two-hundred day moving average is $35.36. The firm has a market capitalization of $1.26 billion and a P/E ratio of 29.56.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $174.85 million for the quarter, compared to analysts’ expectations of $105.17 million. On average, equities analysts forecast that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current year.

Insider Activity at Bowhead Specialty

In other news, Director Ava Schnidman bought 1,493 shares of the company’s stock in a transaction on Friday, February 28th. The stock was bought 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 in the company, valued at $63,245.13. The trade was a 373.25% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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.