Seven Grand Managers LLC Decreases Stock Holdings in Bowhead Specialty Holdings Inc. $BOW

Seven Grand Managers LLC lowered its stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 50.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,500 shares of the company’s stock after selling 37,500 shares during the period. Seven Grand Managers LLC’s holdings in Bowhead Specialty were worth $1,070,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Bowhead Specialty by 257.7% during the fourth quarter. CWM LLC now owns 1,481 shares of the company’s stock worth $42,000 after buying an additional 1,067 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Bowhead Specialty in the 2nd quarter worth approximately $52,000. Tower Research Capital LLC TRC grew 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 worth $72,000 after acquiring an additional 958 shares during the period. Signaturefd LLC grew its holdings in shares of Bowhead Specialty by 5,123.4% in the 4th quarter. Signaturefd LLC now owns 3,343 shares of the company’s stock worth $95,000 after acquiring an additional 3,279 shares during the period. Finally, Quarry LP grew its holdings in shares of Bowhead Specialty by 19,489.5% in the 3rd quarter. Quarry LP now owns 3,722 shares of the company’s stock worth $101,000 after acquiring an additional 3,703 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citizens Jmp lowered their price target on Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. Weiss Ratings cut Bowhead Specialty from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Royal Bank Of Canada lowered their price target on Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Keefe, Bruyette & Woods upped their price target on Bowhead Specialty from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded Bowhead Specialty from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.43.

Bowhead Specialty Price Performance

BOW stock opened at $26.98 on Thursday. Bowhead Specialty Holdings Inc. has a 1 year low of $21.21 and a 1 year high of $37.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.47 and a current ratio of 0.47. The stock’s 50 day moving average price is $24.66 and its 200 day moving average price is $25.48. The firm has a market cap of $886.02 million, a P/E ratio of 15.60, a PEG ratio of 0.82 and a beta of -0.15.

Bowhead Specialty (NYSE:BOW) last posted its earnings results on Tuesday, May 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Bowhead Specialty had a return on equity of 13.80% and a net margin of 9.99%.The firm had revenue of $155.69 million for the quarter, compared to analyst estimates of $211.74 million. On average, sell-side analysts expect that Bowhead Specialty Holdings Inc. will post 2 earnings per share for the current fiscal 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.