BNP Paribas Financial Markets Invests $484,000 in Bowhead Specialty Holdings Inc. (NYSE:BOW)

BNP Paribas Financial Markets bought a new stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,274 shares of the company’s stock, valued at approximately $484,000. BNP Paribas Financial Markets owned about 0.05% of Bowhead Specialty as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. bought a new position in Bowhead Specialty during the second quarter valued at $23,148,000. Victory Capital Management Inc. boosted its stake in shares of Bowhead Specialty by 4.5% during the 3rd quarter. Victory Capital Management Inc. now owns 658,595 shares of the company’s stock worth $18,447,000 after purchasing an additional 28,235 shares during the period. Driehaus Capital Management LLC bought a new position in Bowhead Specialty during the 2nd quarter valued at about $7,866,000. Emerald Advisers LLC raised its position in Bowhead Specialty by 3.3% in the 3rd quarter. Emerald Advisers LLC now owns 242,633 shares of the company’s stock worth $6,796,000 after purchasing an additional 7,683 shares during the period. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in Bowhead Specialty by 0.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 194,333 shares of the company’s stock worth $5,443,000 after purchasing an additional 937 shares during the last quarter.

Insiders Place Their Bets

In other news, Director Family Mutual Insuran American sold 1,362,285 shares of Bowhead Specialty stock in a transaction on Friday, October 25th. The stock was sold at an average price of $27.70, for a total value of $37,735,294.50. Following the transaction, the director now directly owns 4,700,761 shares in the company, 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 SEC, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JMP Securities upped their target price on Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods upped their price objective on Bowhead Specialty from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. increased their target price on Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada boosted their target price on shares of Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Bowhead Specialty currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Bowhead Specialty Price Performance

Shares of NYSE:BOW opened at $36.67 on Friday. The business’s 50 day moving average is $32.72 and its 200 day moving average is $29.29. Bowhead Specialty Holdings Inc. has a 52-week low of $22.14 and a 52-week high of $37.81.

Bowhead Specialty (NYSE:BOW) last issued its earnings results on Tuesday, November 5th. The company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The firm had revenue of $116.76 million during the quarter, compared to analysts’ expectations of $113.00 million. On average, sell-side analysts forecast that Bowhead Specialty Holdings Inc. will post 1.38 EPS for the current fiscal 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.