Deutsche Bank AG Purchases Shares of 6,560 Bowhead Specialty Holdings Inc. (NYSE:BOW)

Deutsche Bank AG purchased a new stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,560 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BOW. Driehaus Capital Management LLC boosted its position in shares of Bowhead Specialty by 8.5% in the fourth quarter. Driehaus Capital Management LLC now owns 339,305 shares of the company’s stock valued at $12,052,000 after acquiring an additional 26,522 shares during the period. Crestline Management LP bought a new stake in shares of Bowhead Specialty in the fourth quarter valued at approximately $239,000. Citadel Advisors LLC bought a new stake in shares of Bowhead Specialty in the fourth quarter valued at approximately $1,450,000. Balyasny Asset Management L.P. boosted its position in shares of Bowhead Specialty by 274.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 314,684 shares of the company’s stock valued at $11,178,000 after acquiring an additional 230,722 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Bowhead Specialty by 113.3% in the fourth quarter. Bank of America Corp DE now owns 154,961 shares of the company’s stock valued at $5,504,000 after acquiring an additional 82,305 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BOW shares. Piper Sandler started coverage on Bowhead Specialty in a research report on Wednesday, April 16th. They issued an “overweight” rating and a $44.00 price objective for the company. JMP Securities raised their target price on Bowhead Specialty from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday, April 11th. Morgan Stanley raised their target price on Bowhead Specialty from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods raised their target price on Bowhead Specialty from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. raised their target price on Bowhead Specialty from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

Bowhead Specialty Price Performance

Bowhead Specialty stock opened at $37.29 on Monday. The stock has a fifty day moving average price of $39.22 and a two-hundred day moving average price of $35.98. Bowhead Specialty Holdings Inc. has a 52-week low of $23.70 and a 52-week high of $42.29. The firm has a market capitalization of $1.22 billion and a P/E ratio of 28.47.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share (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 analyst estimates of $105.17 million. On average, equities research analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal 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.