KLP Kapitalforvaltning AS Purchases New Shares in Bowhead Specialty Holdings Inc. (NYSE:BOW)

KLP Kapitalforvaltning AS acquired a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,000 shares of the company’s stock, valued at approximately $107,000.

Several other large investors also recently made changes to their positions in BOW. Charles Schwab Investment Management Inc. bought a new stake in Bowhead Specialty during the 3rd quarter worth about $1,829,000. Geode Capital Management LLC bought a new position in Bowhead Specialty in the 3rd quarter worth approximately $4,691,000. Barclays PLC acquired a new position in Bowhead Specialty during the 3rd quarter worth $479,000. Bank of New York Mellon Corp boosted its position in Bowhead Specialty by 180.6% in the 4th quarter. Bank of New York Mellon Corp now owns 29,550 shares of the company’s stock valued at $1,050,000 after buying an additional 19,018 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Bowhead Specialty by 89.5% in the 4th quarter. Rhumbline Advisers now owns 12,601 shares of the company’s stock valued at $448,000 after buying an additional 5,953 shares during the period.

Bowhead Specialty Stock Down 1.1 %

Shares of BOW stock opened at $38.02 on Friday. The stock has a 50-day moving average of $35.67 and a 200-day moving average of $33.66. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $42.29.

Bowhead Specialty (NYSE:BOW) last issued its earnings results on Tuesday, February 25th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.35 by $0.07. The firm had revenue of $184.77 million during the quarter, compared to the consensus estimate of $102.12 million. As a group, research analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their price target on Bowhead Specialty from $44.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday. 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 report on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.40.

Insider Buying and Selling at Bowhead Specialty

In other Bowhead Specialty news, Director Ava Schnidman acquired 1,493 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $33.41 per share, for a total transaction of $49,881.13. Following the acquisition, the director now directly owns 1,893 shares of the company’s stock, valued at approximately $63,245.13. This trade represents a 373.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.