630,360 Shares in Bowhead Specialty Holdings Inc. (NYSE:BOW) Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. bought a new stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) during the second quarter, HoldingsChannel reports. The fund bought 630,360 shares of the company’s stock, valued at approximately $15,973,000.

Other hedge funds also recently bought and sold shares of the company. TD Asset Management Inc purchased a new stake in shares of Bowhead Specialty in the second quarter valued at $265,000. Peregrine Capital Management LLC purchased a new stake in Bowhead Specialty during the 2nd quarter worth about $3,073,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Bowhead Specialty in the 2nd quarter valued at about $2,770,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JMP Securities began coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They set an “outperform” rating and a $31.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on Bowhead Specialty in a report on Monday, June 17th. They issued a “neutral” rating and a $27.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on Bowhead Specialty in a report on Monday, June 17th. They set a “market perform” rating and a $30.00 price objective on the stock. Morgan Stanley started coverage on Bowhead Specialty in a research note on Monday, June 17th. They issued an “equal weight” rating and a $26.00 target price for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $32.00 price target on shares of Bowhead Specialty in a report on Wednesday, August 7th. Three equities research 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, the stock has an average rating of “Hold” and an average price target of $29.20.

Bowhead Specialty Stock Performance

Shares of BOW opened at $28.68 on Friday. The business has a fifty day moving average price of $28.22. Bowhead Specialty Holdings Inc. has a twelve month low of $22.14 and a twelve month high of $32.55.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $98.90 million during the quarter, compared to analyst estimates of $94.28 million. The firm’s quarterly revenue was up 51.0% on a year-over-year basis. Equities research analysts expect 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.