American Century Companies Inc. Has $38.19 Million Stock Position in Bowhead Specialty Holdings Inc. $BOW

American Century Companies Inc. lifted its stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 73.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,412,408 shares of the company’s stock after purchasing an additional 597,191 shares during the quarter. American Century Companies Inc. owned 4.31% of Bowhead Specialty worth $38,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Bowhead Specialty by 36.7% in the third quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company’s stock valued at $40,746,000 after acquiring an additional 404,199 shares during the last quarter. American Family Investments Inc. lifted its position in shares of Bowhead Specialty by 6.9% in the 2nd quarter. American Family Investments Inc. now owns 5,023,778 shares of the company’s stock worth $188,542,000 after purchasing an additional 323,017 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Bowhead Specialty by 205.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 269,769 shares of the company’s stock worth $7,295,000 after purchasing an additional 181,531 shares during the period. Millennium Management LLC boosted its stake in shares of Bowhead Specialty by 75.8% in the 1st quarter. Millennium Management LLC now owns 250,277 shares of the company’s stock valued at $10,174,000 after purchasing an additional 107,896 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Bowhead Specialty in the 2nd quarter worth about $2,484,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BOW shares. Zacks Research upgraded shares of Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada lowered their price objective on Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Piper Sandler lifted their price objective on shares of Bowhead Specialty from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Bowhead Specialty in a report on Monday, December 29th. Finally, Morgan Stanley decreased their price objective on shares of Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, November 17th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Bowhead Specialty Trading Down 3.1%

Shares of BOW stock opened at $23.81 on Friday. The business has a 50-day moving average price of $25.25 and a two-hundred day moving average price of $26.71. Bowhead Specialty Holdings Inc. has a 12-month low of $22.15 and a 12-month high of $42.29. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.33. The firm has a market cap of $780.49 million, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 0.74 and a beta of -1.06.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The company had revenue of $151.68 million for the quarter, compared to analysts’ expectations of $145.99 million. Bowhead Specialty had a return on equity of 13.27% and a net margin of 9.75%. Equities analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 EPS 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.