DAVENPORT & Co LLC Raises Stake in Bowhead Specialty Holdings Inc. $BOW

DAVENPORT & Co LLC lifted its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 205.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,769 shares of the company’s stock after acquiring an additional 181,531 shares during the period. DAVENPORT & Co LLC owned approximately 0.82% of Bowhead Specialty worth $7,295,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Bowhead Specialty in the second quarter valued at approximately $52,000. Tower Research Capital LLC TRC grew its position in shares of Bowhead Specialty by 99.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,926 shares of the company’s stock valued at $72,000 after buying an additional 958 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Bowhead Specialty by 38.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,575 shares of the company’s stock valued at $134,000 after purchasing an additional 989 shares during the last quarter. NewEdge Advisors LLC bought a new position in Bowhead Specialty during the 1st quarter worth $206,000. Finally, Royal Bank of Canada increased its holdings in shares of Bowhead Specialty by 112.7% in the 1st quarter. Royal Bank of Canada now owns 5,406 shares of the company’s stock worth $219,000 after acquiring an additional 2,864 shares during the period.

Wall Street Analysts Forecast Growth

BOW has been the topic of a number of research analyst reports. Royal Bank Of Canada assumed coverage on Bowhead Specialty in a report on Monday, November 24th. They set an “outperform” rating and a $33.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Bowhead Specialty from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Bowhead Specialty in a research note on Monday. Morgan Stanley decreased their target price on shares of Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, November 17th. Finally, JMP Securities reduced their price target on Bowhead Specialty from $43.00 to $40.00 and set a “market outperform” rating for the company in a report on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.83.

Bowhead Specialty Trading Down 0.3%

Shares of BOW stock opened at $28.67 on Friday. The company has a market capitalization of $939.80 million, a P/E ratio of 18.38 and a beta of -1.06. Bowhead Specialty Holdings Inc. has a 12 month low of $23.50 and a 12 month high of $42.29. The stock has a 50 day moving average of $26.58 and a two-hundred day moving average of $29.81.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.27 earnings per share (EPS) for the quarter. Bowhead Specialty had a net margin of 10.12% and a return on equity of 13.53%. The firm had revenue of $65.45 million for the quarter. Sell-side analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Bowhead Specialty Company 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.