GW&K Investment Management LLC Lowers Stake in Bowhead Specialty Holdings Inc. $BOW

GW&K Investment Management LLC lessened its position in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 35.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 158,607 shares of the company’s stock after selling 87,259 shares during the quarter. GW&K Investment Management LLC owned approximately 0.48% of Bowhead Specialty worth $4,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in shares of Bowhead Specialty during the third quarter worth about $42,000. Raymond James Financial Inc. acquired a new position in shares of Bowhead Specialty during the 2nd quarter worth about $52,000. Tower Research Capital LLC TRC increased its holdings in shares of Bowhead Specialty by 99.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,926 shares of the company’s stock valued at $72,000 after acquiring an additional 958 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in shares of Bowhead Specialty by 38.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,575 shares of the company’s stock worth $134,000 after acquiring an additional 989 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in Bowhead Specialty during the first quarter worth approximately $206,000.

Bowhead Specialty Trading Down 3.1%

NYSE:BOW opened at $23.81 on Friday. Bowhead Specialty Holdings Inc. has a 1 year low of $22.15 and a 1 year high of $42.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a fifty day moving average price of $25.25 and a two-hundred day moving average price of $26.71. The stock has a market capitalization of $780.49 million, a price-to-earnings ratio of 14.97, a PEG ratio of 0.74 and a beta of -1.06.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $151.68 million for the quarter, compared to analysts’ expectations of $145.99 million. Bowhead Specialty had a net margin of 9.75% and a return on equity of 13.27%. As a group, sell-side analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bowhead Specialty in a report on Monday, December 29th. Morgan Stanley reduced their target price on Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, November 17th. Royal Bank Of Canada cut their target price on shares of Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Bowhead Specialty from $38.00 to $36.00 and set an “outperform” rating for the company in a research note on Tuesday, January 6th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.33.

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.