Y Intercept Hong Kong Ltd Purchases 43,029 Shares of Bowhead Specialty Holdings Inc. $BOW

Y Intercept Hong Kong Ltd boosted its holdings in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 47.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,958 shares of the company’s stock after acquiring an additional 43,029 shares during the period. Y Intercept Hong Kong Ltd owned about 0.41% of Bowhead Specialty worth $3,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. American Family Investments Inc. increased its holdings in shares of Bowhead Specialty by 6.9% in the 2nd quarter. American Family Investments Inc. now owns 5,023,778 shares of the company’s stock valued at $188,542,000 after acquiring an additional 323,017 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Bowhead Specialty by 205.7% during the third quarter. DAVENPORT & Co LLC now owns 269,769 shares of the company’s stock valued at $7,295,000 after buying an additional 181,531 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Bowhead Specialty by 75.8% in the 1st quarter. Millennium Management LLC now owns 250,277 shares of the company’s stock valued at $10,174,000 after buying an additional 107,896 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Bowhead Specialty in the 2nd quarter worth approximately $2,484,000. Finally, Triasima Portfolio Management inc. raised its stake in shares of Bowhead Specialty by 311.2% during the 2nd quarter. Triasima Portfolio Management inc. now owns 81,720 shares of the company’s stock worth $3,067,000 after acquiring an additional 61,845 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Bowhead Specialty from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Keefe, Bruyette & Woods dropped their price target on Bowhead Specialty from $38.00 to $36.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 6th. Zacks Research cut shares of Bowhead Specialty from a “hold” rating to a “strong sell” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bowhead Specialty in a research note on Monday, December 29th. Finally, JMP Securities dropped their price target on Bowhead Specialty from $43.00 to $40.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.83.

Bowhead Specialty Trading Up 1.3%

Shares of NYSE:BOW opened at $25.60 on Tuesday. Bowhead Specialty Holdings Inc. has a 12-month low of $23.50 and a 12-month high of $42.29. The business has a 50 day moving average of $26.84 and a two-hundred day moving average of $28.19. The company has a market capitalization of $839.17 million, a PE ratio of 16.41 and a beta of -1.06.

Bowhead Specialty (NYSE:BOW) last posted its earnings results on Tuesday, November 4th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $143.93 million during the quarter, compared to analysts’ expectations of $144.01 million. Bowhead Specialty had a net margin of 10.12% and a return on equity of 13.53%. Equities research analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

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.