Nuveen Asset Management LLC Grows Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Nuveen Asset Management LLC lifted its stake in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 60.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,893 shares of the company’s stock after buying an additional 5,596 shares during the quarter. Nuveen Asset Management LLC’s holdings in Bowhead Specialty were worth $529,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BOW. Charles Schwab Investment Management Inc. increased its position in Bowhead Specialty by 18.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 77,337 shares of the company’s stock worth $2,747,000 after purchasing an additional 12,049 shares during the last quarter. Bank of America Corp DE increased its position in Bowhead Specialty by 113.3% in the fourth quarter. Bank of America Corp DE now owns 154,961 shares of the company’s stock worth $5,504,000 after purchasing an additional 82,305 shares during the last quarter. Gallatin Point Capital LLC bought a new stake in Bowhead Specialty in the fourth quarter worth $389,599,000. JPMorgan Chase & Co. increased its position in Bowhead Specialty by 102.4% in the fourth quarter. JPMorgan Chase & Co. now owns 99,813 shares of the company’s stock worth $3,545,000 after purchasing an additional 50,491 shares during the last quarter. Finally, Northern Trust Corp increased its position in Bowhead Specialty by 61.1% in the fourth quarter. Northern Trust Corp now owns 96,285 shares of the company’s stock worth $3,420,000 after purchasing an additional 36,536 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Bowhead Specialty Trading Down 2.1%

NYSE BOW opened at $36.03 on Friday. The company’s 50-day moving average price is $38.89 and its 200-day moving average price is $36.04. The stock has a market cap of $1.18 billion and a PE ratio of 27.50. Bowhead Specialty Holdings Inc. has a 12 month low of $23.70 and a 12 month high of $42.29.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $174.85 million during the quarter, compared to analysts’ expectations of $105.17 million. As a group, sell-side analysts forecast that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current year.

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.