Victory Capital Management Inc. Has $18.45 Million Stake in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Victory Capital Management Inc. boosted its stake in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 658,595 shares of the company’s stock after purchasing an additional 28,235 shares during the period. Victory Capital Management Inc. owned about 2.02% of Bowhead Specialty worth $18,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BOW. Point72 Asset Management L.P. acquired a new stake in Bowhead Specialty in the second quarter valued at $117,000. Sandia Investment Management LP acquired a new stake in Bowhead Specialty in the second quarter valued at $127,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Bowhead Specialty during the second quarter valued at $192,000. Davidson Kempner Capital Management LP bought a new stake in Bowhead Specialty during the second quarter valued at $253,000. Finally, TD Asset Management Inc bought a new stake in Bowhead Specialty during the second quarter valued at $265,000.

Bowhead Specialty Trading Up 0.5 %

BOW stock opened at $33.70 on Tuesday. The stock’s 50-day moving average is $29.78. Bowhead Specialty Holdings Inc. has a 1 year low of $22.14 and a 1 year high of $34.49.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $116.76 million during the quarter, compared to the consensus estimate of $113.00 million. As a group, sell-side analysts expect that Bowhead Specialty Holdings Inc. will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

BOW has been the topic of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods upped their price target on shares of Bowhead Specialty from $30.00 to $33.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of Bowhead Specialty from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, JMP Securities upped their price target on shares of Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Bowhead Specialty has an average rating of “Hold” and an average target price of $31.40.

Insider Activity at Bowhead Specialty

In related news, Director Family Mutual Insuran American sold 1,362,285 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $27.70, for a total value of $37,735,294.50. Following the transaction, the director now owns 4,700,761 shares of the company’s stock, valued at approximately $130,211,079.70. This trade represents a 22.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.