Bowhead Specialty Holdings Inc. (NYSE:BOW) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 953,549 shares of the company’s stock after purchasing an additional 32,792 shares during the period. American Century Companies Inc. owned about 2.92% of Bowhead Specialty worth $33,870,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Family Investments Inc. acquired a new stake in Bowhead Specialty in the third quarter worth $169,826,000. Victory Capital Management Inc. lifted its position in Bowhead Specialty by 129.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company’s stock valued at $53,564,000 after purchasing an additional 849,408 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Bowhead Specialty by 16.9% in the third quarter. Wasatch Advisors LP now owns 360,868 shares of the company’s stock valued at $10,108,000 after purchasing an additional 52,296 shares during the period. Peregrine Capital Management LLC raised its holdings in shares of Bowhead Specialty by 143.3% during the fourth quarter. Peregrine Capital Management LLC now owns 295,723 shares of the company’s stock valued at $10,504,000 after buying an additional 174,172 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in shares of Bowhead Specialty by 10.9% during the third quarter. Lord Abbett & CO. LLC now owns 257,870 shares of the company’s stock worth $7,223,000 after buying an additional 25,304 shares during the period.

Insiders Place Their Bets

In other news, Director Ava Schnidman bought 1,493 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $33.41 per share, with a total value of $49,881.13. Following the completion of the transaction, the director now directly owns 1,893 shares in the company, valued at approximately $63,245.13. The trade was a 373.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Bowhead Specialty Price Performance

Shares of NYSE BOW opened at $42.26 on Friday. Bowhead Specialty Holdings Inc. has a twelve month low of $22.14 and a twelve month high of $42.29. The firm has a 50-day moving average of $34.20 and a two-hundred day moving average of $32.86.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The company had revenue of $184.77 million for the quarter, compared to analyst estimates of $102.12 million. Equities analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised Bowhead Specialty from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.60.

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.