Lighthouse Investment Partners LLC Buys Shares of 104,708 Bowhead Specialty Holdings Inc. (NYSE:BOW)

Lighthouse Investment Partners LLC bought a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 104,708 shares of the company’s stock, valued at approximately $2,653,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in Bowhead Specialty in the second quarter worth approximately $2,770,000. Peregrine Capital Management LLC bought a new stake in Bowhead Specialty in the second quarter worth approximately $3,073,000. TD Asset Management Inc acquired a new position in shares of Bowhead Specialty during the 2nd quarter worth $265,000. Victory Capital Management Inc. bought a new position in shares of Bowhead Specialty during the 2nd quarter valued at $15,973,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Bowhead Specialty in the 2nd quarter valued at $4,901,000.

Bowhead Specialty Trading Down 0.3 %

BOW opened at $27.69 on Friday. Bowhead Specialty Holdings Inc. has a 1 year low of $22.14 and a 1 year high of $32.55. The company’s 50 day moving average price is $28.67.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $98.90 million during the quarter, compared to analyst estimates of $94.28 million. Bowhead Specialty’s revenue was up 51.0% compared to the same quarter last year. As a group, research analysts predict that Bowhead Specialty Holdings Inc. will post 1.3 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $32.00 price objective on shares of Bowhead Specialty in a research note on Wednesday, August 7th. JPMorgan Chase & Co. started coverage on Bowhead Specialty in a research note on Monday, June 17th. They issued a “neutral” rating and a $27.00 price objective on the stock. Keefe, Bruyette & Woods started coverage on Bowhead Specialty in a research note on Monday, June 17th. They set a “market perform” rating and a $30.00 target price for the company. Morgan Stanley initiated coverage on Bowhead Specialty in a research report on Monday, June 17th. They issued an “equal weight” rating and a $26.00 price target on the stock. Finally, JMP Securities started coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They set an “outperform” rating and a $31.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $29.20.

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.