Point72 Asia Singapore Pte. Ltd. Invests $192,000 in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,581 shares of the company’s stock, valued at approximately $192,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC acquired a new stake in shares of Bowhead Specialty during the second quarter worth $3,073,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Bowhead Specialty during the second quarter worth about $4,901,000. Emerald Advisers LLC bought a new position in Bowhead Specialty in the second quarter worth about $5,954,000. American Century Companies Inc. acquired a new position in Bowhead Specialty in the second quarter valued at approximately $23,148,000. Finally, Interval Partners LP bought a new position in shares of Bowhead Specialty during the second quarter valued at approximately $582,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on BOW shares. JMP Securities assumed coverage on Bowhead Specialty in a research report on Monday, June 17th. They set an “outperform” rating and a $31.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a $32.00 price target on shares of Bowhead Specialty in a report on Wednesday, August 7th. JPMorgan Chase & Co. assumed coverage on shares of Bowhead Specialty in a research report on Monday, June 17th. They set a “neutral” rating and a $27.00 price target for the company. Keefe, Bruyette & Woods began coverage on shares of Bowhead Specialty in a research report on Monday, June 17th. They issued a “market perform” rating and a $30.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on shares of Bowhead Specialty in a research report on Monday, June 17th. They issued an “equal weight” rating and a $26.00 target price for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Bowhead Specialty currently has an average rating of “Hold” and a consensus price target of $29.20.

Bowhead Specialty Trading Down 1.0 %

Shares of BOW opened at $27.76 on Friday. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $32.55. The company’s fifty day simple moving average is $28.64.

Bowhead Specialty (NYSE:BOW) last released its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $98.90 million for the quarter, compared to analyst estimates of $94.28 million. Bowhead Specialty’s revenue for the quarter was up 51.0% on a year-over-year basis. Sell-side analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.3 EPS for the current year.

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.