15,390 Shares of Bowhead Specialty Holdings Inc. $BOW Acquired by Moneco Advisors LLC

Moneco Advisors LLC purchased a new stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,390 shares of the company’s stock, valued at approximately $520,000.

Several other institutional investors have also recently made changes to their positions in the business. American Family Investments Inc. purchased a new position in shares of Bowhead Specialty in the second quarter worth approximately $140,693,777. First Trust Advisors LP grew its position in Bowhead Specialty by 374.0% during the first quarter. First Trust Advisors LP now owns 172,305 shares of the company’s stock valued at $3,865,000 after buying an additional 135,954 shares during the period. Dimensional Fund Advisors LP grew its position in Bowhead Specialty by 61.3% during the first quarter. Dimensional Fund Advisors LP now owns 256,645 shares of the company’s stock valued at $5,756,000 after buying an additional 97,494 shares during the period. Steelhead Wealth Management LLC purchased a new stake in Bowhead Specialty during the first quarter valued at approximately $2,143,000. Finally, Wasatch Advisors LP increased its holdings in Bowhead Specialty by 28.9% during the second quarter. Wasatch Advisors LP now owns 348,437 shares of the company’s stock valued at $10,429,000 after buying an additional 78,209 shares during the last quarter.

Analysts Set New Price Targets

BOW has been the topic of several recent research reports. Morgan Stanley increased their price target on shares of Bowhead Specialty from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. boosted their price objective on shares of Bowhead Specialty from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Piper Sandler lowered Bowhead Specialty from an “overweight” rating to a “hold” rating and set a $34.00 price objective for the company. in a research note on Monday, August 3rd. Deutsche Bank cut Bowhead Specialty from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a report on Monday, August 3rd. Finally, Citizens Jmp downgraded Bowhead Specialty from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 10th. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Bowhead Specialty currently has an average rating of “Hold” and an average price target of $33.50.

Bowhead Specialty Price Performance

NYSE BOW opened at $34.02 on Friday. Bowhead Specialty Holdings Inc. has a 12 month low of $21.21 and a 12 month high of $35.07. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.00 and a beta of -0.06. The company’s 50 day moving average is $33.94 and its two-hundred day moving average is $28.95. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.33.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The business had revenue of $171.77 million for the quarter, compared to the consensus estimate of $278.64 million. Bowhead Specialty had a net margin of 9.32% and a return on equity of 14.45%. As a group, research analysts anticipate that Bowhead Specialty Holdings Inc. will post 2.02 earnings per share for the current year.

About Bowhead Specialty

Bowhead Specialty Holdings Inc. is a U.S. specialty property and casualty insurance company. Through its insurance subsidiaries, it provides coverage in areas including casualty, professional liability, healthcare and management liability. The company serves businesses and other organizations across the United States, focusing on risks that may require specialized underwriting. Bowhead began operating in 2023 and is headquartered in New York.