Quantbot Technologies LP Invests $157,000 in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Quantbot Technologies LP acquired a new stake in Bowhead Specialty Holdings Inc. (NYSE:BOW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,621 shares of the company’s stock, valued at approximately $157,000.

Other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Bowhead Specialty by 5.2% in the third quarter. The Manufacturers Life Insurance Company now owns 60,508 shares of the company’s stock worth $1,695,000 after buying an additional 2,976 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new position in Bowhead Specialty in the 3rd quarter worth $1,829,000. Victory Capital Management Inc. lifted its position in Bowhead Specialty by 4.5% during the 3rd quarter. Victory Capital Management Inc. now owns 658,595 shares of the company’s stock worth $18,447,000 after acquiring an additional 28,235 shares during the period. Emerald Advisers LLC grew its stake in Bowhead Specialty by 3.3% during the 3rd quarter. Emerald Advisers LLC now owns 242,633 shares of the company’s stock valued at $6,796,000 after purchasing an additional 7,683 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in shares of Bowhead Specialty by 0.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 194,333 shares of the company’s stock valued at $5,443,000 after purchasing an additional 937 shares during the period.

Bowhead Specialty Stock Performance

Shares of NYSE BOW opened at $37.80 on Friday. The stock’s 50 day moving average price is $31.78. Bowhead Specialty Holdings Inc. has a 12 month low of $22.14 and a 12 month high of $37.81.

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

Analyst Upgrades and Downgrades

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

Insider Activity at Bowhead Specialty

In other Bowhead Specialty news, Director Family Mutual Insuran American sold 1,362,285 shares of Bowhead Specialty stock in a transaction on Friday, October 25th. The shares were sold at an average price of $27.70, for a total transaction of $37,735,294.50. Following the sale, the director now owns 4,700,761 shares of the company’s stock, valued at $130,211,079.70. The trade was a 22.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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.