Tudor Investment Corp ET AL Sells 42,394 Shares of Bowhead Specialty Holdings Inc. $BOW

Tudor Investment Corp ET AL lowered its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 85.1% during the 3rd quarter, Holdings Channel reports. The firm owned 7,426 shares of the company’s stock after selling 42,394 shares during the period. Tudor Investment Corp ET AL’s holdings in Bowhead Specialty were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in BOW. American Family Investments Inc. raised its stake in shares of Bowhead Specialty by 6.9% during 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. Victory Capital Management Inc. raised its position in Bowhead Specialty by 54.3% in the third quarter. Victory Capital Management Inc. now owns 1,525,285 shares of the company’s stock worth $41,244,000 after acquiring an additional 536,817 shares during the period. Vanguard Group Inc. boosted its stake 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 Century Companies Inc. grew its position in shares of Bowhead Specialty by 73.3% during the 3rd quarter. American Century Companies Inc. now owns 1,412,408 shares of the company’s stock valued at $38,192,000 after acquiring an additional 597,191 shares during the period. Finally, Polar Capital Holdings Plc increased its stake in shares of Bowhead Specialty by 10.4% during the 3rd quarter. Polar Capital Holdings Plc now owns 689,935 shares of the company’s stock worth $18,656,000 after purchasing an additional 64,935 shares during the last quarter.

Bowhead Specialty Stock Performance

Shares of BOW opened at $22.37 on Friday. Bowhead Specialty Holdings Inc. has a 52-week low of $21.21 and a 52-week high of $41.98. The stock’s 50-day simple moving average is $23.87 and its 200 day simple moving average is $25.61. 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 market capitalization of $734.70 million, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 0.67 and a beta of -0.49.

Bowhead Specialty (NYSE:BOW) last posted its earnings results 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. Bowhead Specialty had a return on equity of 13.27% and a net margin of 9.75%.The business had revenue of $151.68 million during the quarter, compared to analyst estimates of $145.99 million. Research analysts forecast that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Zacks Research raised Bowhead Specialty from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bowhead Specialty in a research report on Friday, March 27th. Keefe, Bruyette & Woods raised Bowhead Specialty from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, March 16th. Royal Bank Of Canada lowered their price objective on Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Finally, Piper Sandler increased their target price on shares of Bowhead Specialty from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bowhead Specialty currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

About Bowhead Specialty

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.