Ava Schnidman Buys 1,493 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) Stock

Bowhead Specialty Holdings Inc. (NYSE:BOW) Director Ava Schnidman bought 1,493 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $33.41 per share, with a total value of $49,881.13. Following the transaction, the director now directly owns 1,893 shares in the company, valued at approximately $63,245.13. This trade represents a 373.25 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bowhead Specialty Trading Up 2.9 %

Shares of BOW opened at $34.61 on Tuesday. Bowhead Specialty Holdings Inc. has a 12-month low of $22.14 and a 12-month high of $37.81. The business’s fifty day moving average is $32.92 and its 200 day moving average is $31.98.

Bowhead Specialty (NYSE:BOW) last issued its earnings results on Tuesday, February 25th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. The firm had revenue of $184.77 million during the quarter, compared to the consensus estimate of $102.12 million. On average, equities research analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal year.

Analysts Set New Price Targets

BOW has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their target price on shares of Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. JMP Securities increased their price target on Bowhead Specialty from $32.00 to $33.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price target on Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upgraded Bowhead Specialty from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a report on Monday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.60.

Hedge Funds Weigh In On Bowhead Specialty

A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in shares of Bowhead Specialty in the 4th quarter worth $445,000. Two Sigma Advisers LP raised its position in Bowhead Specialty by 575.5% in the 4th quarter. Two Sigma Advisers LP now owns 74,300 shares of the company’s stock valued at $2,639,000 after buying an additional 63,300 shares during the last quarter. Two Sigma Investments LP raised its position in Bowhead Specialty by 143.7% in the 4th quarter. Two Sigma Investments LP now owns 147,486 shares of the company’s stock valued at $5,239,000 after buying an additional 86,974 shares during the last quarter. Sandia Investment Management LP purchased a new stake in Bowhead Specialty in the 4th quarter valued at $355,000. Finally, Point72 Asset Management L.P. purchased a new stake in Bowhead Specialty in the 4th quarter valued at $250,000.

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.