SG Americas Securities LLC Takes Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

SG Americas Securities LLC acquired a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,681 shares of the company’s stock, valued at approximately $344,000.

Several other institutional investors have also modified their holdings of the company. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Bowhead Specialty by 0.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 194,333 shares of the company’s stock valued at $5,443,000 after purchasing an additional 937 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Bowhead Specialty by 5.2% during the third quarter. The Manufacturers Life Insurance Company now owns 60,508 shares of the company’s stock valued at $1,695,000 after buying an additional 2,976 shares in the last quarter. MetLife Investment Management LLC acquired a new position in shares of Bowhead Specialty during the 3rd quarter valued at $123,000. New Vernon Investment Management LLC purchased a new stake in shares of Bowhead Specialty in the third quarter worth about $127,000. Finally, Point72 Asset Management L.P. acquired a new stake in Bowhead Specialty in the second quarter valued at approximately $117,000.

Bowhead Specialty Trading Up 0.6 %

NYSE:BOW opened at $32.52 on Tuesday. The stock has a fifty day simple moving average of $34.22 and a 200 day simple moving average of $31.27. Bowhead Specialty Holdings Inc. has a 1-year low of $22.14 and a 1-year high of $37.81.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $116.76 million for the quarter, compared to analysts’ expectations of $113.00 million. Sell-side analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BOW shares. Keefe, Bruyette & Woods raised their target price on Bowhead Specialty from $36.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, January 10th. Royal Bank of Canada boosted their price objective 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. JMP Securities boosted their target price on shares of Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Bowhead Specialty from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.60.

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.