Millennium Management LLC Purchases Shares of 107,942 Bowhead Specialty Holdings Inc. (NYSE:BOW)

Millennium Management LLC purchased a new stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOWFree Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 107,942 shares of the company’s stock, valued at approximately $2,735,000. Millennium Management LLC owned approximately 0.34% of Bowhead Specialty at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new position in Bowhead Specialty during the second quarter valued at $2,770,000. Peregrine Capital Management LLC purchased a new position in shares of Bowhead Specialty in the second quarter worth about $3,073,000. TD Asset Management Inc purchased a new position in shares of Bowhead Specialty in the second quarter worth about $265,000. Victory Capital Management Inc. purchased a new position in shares of Bowhead Specialty in the second quarter worth about $15,973,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Bowhead Specialty in the second quarter worth about $4,901,000.

Bowhead Specialty Trading Down 0.4 %

Bowhead Specialty stock opened at $29.14 on Tuesday. The firm has a 50-day moving average price of $28.87. Bowhead Specialty Holdings Inc. has a 12-month low of $22.14 and a 12-month high of $32.55.

Bowhead Specialty (NYSE:BOWGet Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $98.90 million for the quarter, compared to the consensus estimate of $94.28 million. Bowhead Specialty’s revenue for the quarter was up 51.0% compared to the same quarter last year. As a group, equities analysts predict that Bowhead Specialty Holdings Inc. will post 1.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on BOW. Morgan Stanley started coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They issued an “equal weight” rating and a $26.00 price target for the company. JMP Securities began coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They issued an “outperform” rating and a $31.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They issued a “neutral” rating and a $27.00 target price on the stock. Keefe, Bruyette & Woods initiated coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They issued a “market perform” rating and a $30.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $32.00 price target on shares of Bowhead Specialty in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.20.

Check Out Our Latest Stock Analysis on Bowhead Specialty

Bowhead Specialty Company Profile

(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.

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Institutional Ownership by Quarter for Bowhead Specialty (NYSE:BOW)

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