Barclays PLC Buys Shares of 17,082 Bowhead Specialty Holdings Inc. (NYSE:BOW)

Barclays PLC purchased a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) in the third quarter, Holdings Channel.com reports. The fund purchased 17,082 shares of the company’s stock, valued at approximately $479,000.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Asset Management Inc bought a new position in Bowhead Specialty in the second quarter valued at about $265,000. Victory Capital Management Inc. bought a new stake in shares of Bowhead Specialty during the 2nd quarter valued at approximately $15,973,000. Emerald Mutual Fund Advisers Trust acquired a new position in Bowhead Specialty during the 2nd quarter worth approximately $4,901,000. Emerald Advisers LLC bought a new position in Bowhead Specialty in the 2nd quarter valued at approximately $5,954,000. Finally, American Century Companies Inc. acquired a new stake in Bowhead Specialty in the second quarter valued at approximately $23,148,000.

Insider Transactions at Bowhead Specialty

In other Bowhead Specialty news, Director Family Mutual Insuran American sold 1,362,285 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $27.70, for a total transaction of $37,735,294.50. Following the completion of the sale, the director now directly owns 4,700,761 shares in the company, valued at approximately $130,211,079.70. This trade represents a 22.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Bowhead Specialty Stock Down 3.3 %

Shares of NYSE:BOW opened at $34.34 on Friday. Bowhead Specialty Holdings Inc. has a 12-month low of $22.14 and a 12-month high of $37.81. The business has a fifty day simple moving average of $34.19 and a 200 day simple moving average of $30.16.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $116.76 million for the quarter, compared to the consensus estimate of $113.00 million. On average, analysts forecast that Bowhead Specialty Holdings Inc. will post 1.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Bowhead Specialty from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their price target on Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, JMP Securities upped their price objective on Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Bowhead Specialty currently has an average rating of “Hold” and a consensus price target of $32.00.

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.