Emerald Advisers LLC Raises Stock Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Emerald Advisers LLC boosted its position in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,633 shares of the company’s stock after purchasing an additional 7,683 shares during the quarter. Emerald Advisers LLC owned about 0.74% of Bowhead Specialty worth $6,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of BOW. Allspring Global Investments Holdings LLC purchased a new stake in shares of Bowhead Specialty in the 2nd quarter valued at about $2,770,000. Peregrine Capital Management LLC bought a new stake in Bowhead Specialty during the second quarter valued at approximately $3,073,000. TD Asset Management Inc purchased a new position in Bowhead Specialty in the 2nd quarter worth approximately $265,000. Victory Capital Management Inc. bought a new position in shares of Bowhead Specialty in the 2nd quarter worth $15,973,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Bowhead Specialty during the 2nd quarter valued at $4,901,000.

Bowhead Specialty Trading Up 0.9 %

BOW opened at $29.38 on Monday. Bowhead Specialty Holdings Inc. has a 12 month low of $22.14 and a 12 month high of $32.55. The business has a 50-day moving average of $29.49.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $98.90 million for the quarter, compared to analysts’ expectations of $94.28 million. Bowhead Specialty’s revenue was up 51.0% compared to the same quarter last year. On average, analysts predict that Bowhead Specialty Holdings Inc. will post 1.3 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on BOW shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $32.00 target price on shares of Bowhead Specialty in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods increased their price objective on Bowhead Specialty from $30.00 to $33.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Finally, JMP Securities boosted their target price on Bowhead Specialty from $31.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.00.

Insiders Place Their Bets

In other news, Director Family Mutual Insuran American sold 1,362,285 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $27.70, for a total transaction of $37,735,294.50. Following the completion of the transaction, the director now directly owns 4,700,761 shares of the company’s stock, valued at approximately $130,211,079.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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.