Peregrine Capital Management LLC Boosts Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Peregrine Capital Management LLC grew its stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 143.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 295,723 shares of the company’s stock after purchasing an additional 174,172 shares during the quarter. Peregrine Capital Management LLC’s holdings in Bowhead Specialty were worth $10,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. MetLife Investment Management LLC purchased a new stake in Bowhead Specialty in the third quarter valued at $123,000. New Vernon Investment Management LLC purchased a new stake in shares of Bowhead Specialty in the 3rd quarter valued at about $127,000. Quantbot Technologies LP acquired a new stake in shares of Bowhead Specialty in the 3rd quarter valued at about $157,000. SG Americas Securities LLC purchased a new position in Bowhead Specialty during the 4th quarter worth approximately $344,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Bowhead Specialty during the third quarter worth approximately $317,000.

Bowhead Specialty Price Performance

Shares of BOW stock opened at $32.03 on Tuesday. The stock has a 50 day simple moving average of $33.50 and a 200-day simple moving average of $31.65. Bowhead Specialty Holdings Inc. has a 12-month low of $22.14 and a 12-month high of $37.81.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JMP Securities raised their target price on shares of Bowhead Specialty from $32.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on shares of Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods upped their target price on shares of Bowhead Specialty from $36.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. raised their price target on Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Bowhead Specialty has a consensus rating of “Hold” and a consensus price target of $33.60.

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.