Bowhead Specialty Holdings Inc. (NYSE:BOW) Stock Holdings Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its position in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 5.2% in the third quarter, Holdings Channel reports. The firm owned 60,508 shares of the company’s stock after purchasing an additional 2,976 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Bowhead Specialty were worth $1,695,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Peregrine Capital Management LLC bought a new position in Bowhead Specialty during the 2nd quarter worth approximately $3,073,000. Lighthouse Investment Partners LLC bought a new position in Bowhead Specialty during the second quarter worth $2,653,000. Sei Investments Co. acquired a new position in Bowhead Specialty in the second quarter worth $2,021,000. Victory Capital Management Inc. increased its stake in Bowhead Specialty by 4.5% during the third quarter. Victory Capital Management Inc. now owns 658,595 shares of the company’s stock valued at $18,447,000 after purchasing an additional 28,235 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Bowhead Specialty during the second quarter worth $4,901,000.

Insider Transactions at Bowhead Specialty

In other Bowhead Specialty news, Director Family Mutual Insuran American sold 1,362,285 shares of the business’s stock in a transaction dated 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 directly owns 4,700,761 shares in the company, valued at approximately $130,211,079.70. The trade was a 22.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Bowhead Specialty Stock Performance

NYSE BOW opened at $35.73 on Tuesday. The company has a 50-day moving average price of $32.12 and a two-hundred day moving average price of $29.04. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $37.81.

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 business had revenue of $116.76 million during the quarter, compared to the consensus estimate of $113.00 million. Equities research analysts expect that Bowhead Specialty Holdings Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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