Victory Capital Management Inc. Has $41.24 Million Stock Position in Bowhead Specialty Holdings Inc. $BOW

Victory Capital Management Inc. lifted its holdings in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 54.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,525,285 shares of the company’s stock after acquiring an additional 536,817 shares during the period. Victory Capital Management Inc.’s holdings in Bowhead Specialty were worth $41,244,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BOW. American Century Companies Inc. lifted its position in Bowhead Specialty by 73.3% in the 3rd quarter. American Century Companies Inc. now owns 1,412,408 shares of the company’s stock valued at $38,192,000 after acquiring an additional 597,191 shares in the last quarter. Quantbot Technologies LP increased its holdings in Bowhead Specialty by 20.4% during the 3rd quarter. Quantbot Technologies LP now owns 43,348 shares of the company’s stock worth $1,172,000 after purchasing an additional 7,339 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Bowhead Specialty by 36.7% in the third quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company’s stock worth $40,746,000 after purchasing an additional 404,199 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Bowhead Specialty in the third quarter valued at approximately $883,000. Finally, Keybank National Association OH bought a new position in shares of Bowhead Specialty in the third quarter valued at approximately $228,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BOW shares. Keefe, Bruyette & Woods lowered their price target on Bowhead Specialty from $38.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, January 6th. Piper Sandler lifted their price objective on shares of Bowhead Specialty from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Morgan Stanley reduced their target price on shares of Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, November 17th. Zacks Research upgraded shares of Bowhead Specialty from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Royal Bank Of Canada dropped their price target on shares of Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

Bowhead Specialty Stock Performance

Shares of BOW stock opened at $23.81 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market cap of $780.49 million, a price-to-earnings ratio of 14.97, a P/E/G ratio of 0.72 and a beta of -1.06. Bowhead Specialty Holdings Inc. has a 52 week low of $22.15 and a 52 week high of $42.29. The firm’s 50-day simple moving average is $25.25 and its two-hundred day simple moving average is $26.69.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. Bowhead Specialty had a net margin of 9.75% and a return on equity of 13.27%. The company had revenue of $151.68 million for the quarter, compared to analysts’ expectations of $145.99 million. As a group, equities analysts forecast that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current year.

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.