FJ Capital Management LLC Acquires Shares of 39,317 Bowhead Specialty Holdings Inc. $BOW

FJ Capital Management LLC acquired a new stake in Bowhead Specialty Holdings Inc. (NYSE:BOW) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 39,317 shares of the company’s stock, valued at approximately $1,122,000. FJ Capital Management LLC owned about 0.12% of Bowhead Specialty as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. American Family Investments Inc. boosted its position in Bowhead Specialty by 6.9% in the 2nd quarter. American Family Investments Inc. now owns 5,023,778 shares of the company’s stock valued at $188,542,000 after buying an additional 323,017 shares during the last quarter. Victory Capital Management Inc. boosted its position in Bowhead Specialty by 2.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,564,326 shares of the company’s stock valued at $44,646,000 after buying an additional 39,041 shares during the last quarter. Vanguard Group Inc. boosted its position in Bowhead Specialty by 36.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company’s stock valued at $40,746,000 after buying an additional 404,199 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of 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 purchasing an additional 597,191 shares during the period. Finally, Wasatch Advisors LP boosted its position in shares of Bowhead Specialty by 18.7% in the 4th quarter. Wasatch Advisors LP now owns 721,797 shares of the company’s stock worth $20,600,000 after purchasing an additional 113,840 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BOW. Morgan Stanley upped their price objective on Bowhead Specialty from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. UBS Group set a $28.00 price objective on Bowhead Specialty in a report on Thursday, May 21st. Weiss Ratings downgraded Bowhead Specialty from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Royal Bank Of Canada dropped their price objective on Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Finally, Citizens Jmp dropped their price objective on Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.43.

Bowhead Specialty Stock Performance

Shares of Bowhead Specialty stock opened at $27.37 on Friday. The company has a market capitalization of $898.86 million and a PE ratio of 15.82. Bowhead Specialty Holdings Inc. has a 12 month low of $21.21 and a 12 month high of $37.98. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $25.61 and its 200 day simple moving average is $25.41.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. The business had revenue of $155.69 million for the quarter, compared to the consensus estimate of $211.74 million. Bowhead Specialty had a return on equity of 13.80% and a net margin of 9.99%. On average, research analysts predict that Bowhead Specialty Holdings Inc. will post 1.97 EPS for the current 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.