Empowered Funds LLC Acquires Shares of 64,091 Bowhead Specialty Holdings Inc. $BOW

Empowered Funds LLC bought a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 64,091 shares of the company’s stock, valued at approximately $1,438,000.

Other large investors have also modified their holdings of the company. Bleakley Financial Group LLC purchased a new position in shares of Bowhead Specialty in the fourth quarter worth about $1,086,000. First Trust Advisors LP raised its holdings in Bowhead Specialty by 374.0% in the 1st quarter. First Trust Advisors LP now owns 172,305 shares of the company’s stock valued at $3,865,000 after acquiring an additional 135,954 shares during the last quarter. FJ Capital Management LLC acquired a new stake in Bowhead Specialty in the 4th quarter valued at about $1,122,000. Knights of Columbus Asset Advisors LLC lifted its stake in Bowhead Specialty by 40.2% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 69,813 shares of the company’s stock worth $1,992,000 after purchasing an additional 20,032 shares in the last quarter. Finally, Dockside LLC purchased a new position in Bowhead Specialty in the 4th quarter worth approximately $1,070,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BOW. Weiss Ratings upgraded Bowhead Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Keefe, Bruyette & Woods boosted their price objective on Bowhead Specialty from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft downgraded Bowhead Specialty from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research note on Monday. Citizens Jmp reduced their price target on Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. Finally, Piper Sandler lowered shares of Bowhead Specialty from an “overweight” rating to a “hold” rating and set a $34.00 price objective for the company. in a report on Monday. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bowhead Specialty has a consensus rating of “Hold” and a consensus price target of $33.00.

Bowhead Specialty Stock Down 1.3%

BOW stock opened at $33.45 on Friday. Bowhead Specialty Holdings Inc. has a one year low of $21.21 and a one year high of $35.07. The firm has a market cap of $1.10 billion, a PE ratio of 18.08, a PEG ratio of 1.02 and a beta of -0.11. The firm’s 50 day moving average price is $29.63 and its 200-day moving average price is $26.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.47 and a current ratio of 0.49.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $163.86 million during the quarter, compared to analyst estimates of $278.69 million. Bowhead Specialty had a return on equity of 14.05% and a net margin of 10.11%. On average, equities research analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.97 EPS for the current 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.