39,317 Shares in Bowhead Specialty Holdings Inc. $BOW Bought by FJ Capital Management LLC

FJ Capital Management LLC acquired a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 39,317 shares of the company’s stock, valued at approximately $1,122,000.

Several other hedge funds have also added to or reduced their stakes in the business. American Family Investments Inc. raised its stake in 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 buying an additional 323,017 shares during the period. Victory Capital Management Inc. raised its stake in shares of Bowhead Specialty by 2.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,564,326 shares of the company’s stock valued at $44,646,000 after purchasing an additional 39,041 shares during the period. Vanguard Group Inc. raised its stake in shares of Bowhead Specialty by 36.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company’s stock valued at $40,746,000 after purchasing an additional 404,199 shares during the period. American Century Companies Inc. raised its stake in shares of Bowhead Specialty by 73.3% in the 3rd quarter. American Century Companies Inc. now owns 1,412,408 shares of the company’s stock valued at $38,192,000 after purchasing an additional 597,191 shares during the period. Finally, Wasatch Advisors LP raised its stake in shares of Bowhead Specialty by 18.7% in the 4th quarter. Wasatch Advisors LP now owns 721,797 shares of the company’s stock valued at $20,600,000 after purchasing an additional 113,840 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BOW. Weiss Ratings downgraded Bowhead Specialty from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. UBS Group set a $28.00 price target on Bowhead Specialty in a research note on Thursday, May 21st. Citizens Jmp dropped their price target on Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating on the stock in a research note on Monday, April 13th. Piper Sandler lifted their price target on Bowhead Specialty from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada dropped their price target 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. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.43.

Bowhead Specialty Price Performance

Shares of NYSE BOW opened at $27.37 on Friday. The stock has a market capitalization of $898.86 million and a price-to-earnings ratio of 15.82. The business has a 50-day moving average of $25.61 and a 200-day moving average of $25.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.47 and a quick ratio of 0.47. Bowhead Specialty Holdings Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $37.98.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $155.69 million during the quarter, compared to analysts’ expectations of $211.74 million. Bowhead Specialty had a return on equity of 13.80% and a net margin of 9.99%. As a group, sell-side analysts predict that Bowhead Specialty Holdings Inc. will post 1.97 earnings per share for the current fiscal year.

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.