Bowhead Specialty Holdings Inc. (NYSE:BOW) Holdings Lifted by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 953,549 shares of the company’s stock after acquiring an additional 32,792 shares during the period. American Century Companies Inc.’s holdings in Bowhead Specialty were worth $33,870,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. New York State Common Retirement Fund acquired a new position in shares of Bowhead Specialty in the 4th quarter valued at about $64,000. US Bancorp DE acquired a new stake in Bowhead Specialty during the fourth quarter valued at $76,000. MetLife Investment Management LLC purchased a new position in Bowhead Specialty in the third quarter valued at about $123,000. New Vernon Investment Management LLC acquired a new position in Bowhead Specialty in the 3rd quarter worth about $127,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Bowhead Specialty during the 3rd quarter valued at about $157,000.

Bowhead Specialty Stock Up 3.1 %

Shares of NYSE:BOW opened at $42.26 on Friday. The business has a 50-day moving average of $34.20 and a two-hundred day moving average of $32.86. Bowhead Specialty Holdings Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $42.29.

Bowhead Specialty (NYSE:BOW) last announced its earnings results on Tuesday, February 25th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.35 by $0.07. The firm had revenue of $184.77 million during the quarter, compared to the consensus estimate of $102.12 million. On average, equities analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upgraded Bowhead Specialty from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.60.

Insiders Place Their Bets

In related news, Director Ava Schnidman acquired 1,493 shares of the stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $33.41 per share, for a total transaction of $49,881.13. Following the completion of the purchase, the director now owns 1,893 shares in the company, valued at approximately $63,245.13. The trade was a 373.25 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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.