Victory Capital Management Inc. Boosts Stake in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Victory Capital Management Inc. lifted its stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 658,595 shares of the company’s stock after purchasing an additional 28,235 shares during the period. Victory Capital Management Inc.’s holdings in Bowhead Specialty were worth $18,447,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BOW. Allspring Global Investments Holdings LLC purchased a new stake in shares of Bowhead Specialty during the 2nd quarter worth approximately $2,770,000. Peregrine Capital Management LLC purchased a new stake in shares of Bowhead Specialty during the 2nd quarter worth approximately $3,073,000. TD Asset Management Inc purchased a new stake in shares of Bowhead Specialty during the 2nd quarter worth approximately $265,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Bowhead Specialty during the 2nd quarter worth approximately $4,901,000. Finally, Emerald Advisers LLC purchased a new stake in shares of Bowhead Specialty during the 2nd quarter worth approximately $5,954,000.

Insider Buying and Selling at Bowhead Specialty

In other 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 completion of the sale, the director now directly owns 4,700,761 shares of the company’s stock, valued at approximately $130,211,079.70. The trade was a 22.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Bowhead Specialty Stock Up 0.5 %

Shares of NYSE:BOW opened at $33.70 on Tuesday. The firm has a fifty day moving average price of $29.78. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $34.49.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $116.76 million during the quarter, compared to the consensus estimate of $113.00 million. On average, equities analysts expect that Bowhead Specialty Holdings Inc. will post 1.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

BOW has been the subject of a number of recent research reports. 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. JPMorgan Chase & Co. lifted their price objective on shares of Bowhead Specialty from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. JMP Securities lifted their price objective on shares of Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Bowhead Specialty from $30.00 to $33.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $31.40.

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.