WINTON GROUP Ltd Invests $914,000 in Bowhead Specialty Holdings Inc. $BOW

WINTON GROUP Ltd bought a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,347 shares of the company’s stock, valued at approximately $914,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BOW. Police & Firemen s Retirement System of New Jersey lifted its holdings in Bowhead Specialty by 38.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,575 shares of the company’s stock worth $134,000 after buying an additional 989 shares during the last quarter. Jump Financial LLC increased its holdings in shares of Bowhead Specialty by 17.1% in the 1st quarter. Jump Financial LLC now owns 9,050 shares of the company’s stock valued at $368,000 after acquiring an additional 1,322 shares during the last quarter. Brown Advisory Inc. raised its position in shares of Bowhead Specialty by 26.3% during the 2nd quarter. Brown Advisory Inc. now owns 7,575 shares of the company’s stock worth $284,000 after acquiring an additional 1,575 shares in the last quarter. Corebridge Financial Inc. lifted its stake in Bowhead Specialty by 34.1% during the first quarter. Corebridge Financial Inc. now owns 7,759 shares of the company’s stock worth $315,000 after purchasing an additional 1,972 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Bowhead Specialty by 0.6% in the second quarter. Schroder Investment Management Group now owns 381,814 shares of the company’s stock valued at $14,238,000 after purchasing an additional 2,193 shares in the last quarter.

Bowhead Specialty Stock Performance

NYSE BOW opened at $27.18 on Friday. The firm’s fifty day moving average is $26.15 and its two-hundred day moving average is $30.40. Bowhead Specialty Holdings Inc. has a one year low of $23.50 and a one year high of $42.29. The firm has a market cap of $890.96 million, a PE ratio of 17.42 and a beta of -1.06.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings results on Monday, August 26th. The company reported $0.27 earnings per share (EPS) for the quarter. The firm had revenue of $65.45 million for the quarter. Bowhead Specialty had a return on equity of 13.53% and a net margin of 10.12%. Research analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BOW. JMP Securities cut their price objective on shares of Bowhead Specialty from $43.00 to $40.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 14th. Royal Bank Of Canada began coverage on shares of Bowhead Specialty in a research note on Monday, November 24th. They set an “outperform” rating and a $33.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Bowhead Specialty from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Morgan Stanley cut their target price on Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Monday, November 17th. Finally, Zacks Research raised Bowhead Specialty from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.