TimesSquare Capital Management LLC Reduces Stock Holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW)

TimesSquare Capital Management LLC reduced its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 39.3% during the 4th quarter, Holdings Channel reports. The fund owned 39,576 shares of the company’s stock after selling 25,610 shares during the period. TimesSquare Capital Management LLC’s holdings in Bowhead Specialty were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. New York State Common Retirement Fund purchased a new stake in shares of Bowhead Specialty in the 4th quarter valued at $64,000. Peregrine Capital Management LLC boosted its holdings in shares of Bowhead Specialty by 143.3% in the 4th quarter. Peregrine Capital Management LLC now owns 295,723 shares of the company’s stock valued at $10,504,000 after acquiring an additional 174,172 shares during the last quarter. Rhumbline Advisers boosted its holdings in Bowhead Specialty by 89.5% during the fourth quarter. Rhumbline Advisers now owns 12,601 shares of the company’s stock worth $448,000 after buying an additional 5,953 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Bowhead Specialty during the fourth quarter worth $344,000. Finally, JPMorgan Chase & Co. purchased a new stake in Bowhead Specialty during the third quarter worth $1,382,000.

Bowhead Specialty Stock Down 0.9 %

Shares of BOW stock opened at $31.75 on Thursday. The company has a 50-day moving average of $33.32 and a two-hundred day moving average of $31.68. Bowhead Specialty Holdings Inc. has a 1-year low of $22.14 and a 1-year high of $37.81.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Bowhead Specialty from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. JMP Securities increased their price target on shares of Bowhead Specialty from $32.00 to $33.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price target on shares of Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Bowhead Specialty from $36.00 to $44.00 and gave the stock a “market perform” rating in a report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.60.

Bowhead Specialty 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.