Panagora Asset Management Inc. Buys Shares of 22,178 Bowhead Specialty Holdings Inc. $BOW

Panagora Asset Management Inc. purchased 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. The fund purchased 22,178 shares of the company’s stock, valued at approximately $832,000. Panagora Asset Management Inc. owned 0.07% of Bowhead Specialty as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of BOW. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Bowhead Specialty by 17.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,400 shares of the company’s stock valued at $301,000 after purchasing an additional 1,100 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Bowhead Specialty by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 752,320 shares of the company’s stock worth $30,582,000 after buying an additional 105,138 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bowhead Specialty by 7.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 82,820 shares of the company’s stock worth $3,367,000 after buying an additional 5,483 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Bowhead Specialty by 131.1% in the 1st quarter. Deutsche Bank AG now owns 15,158 shares of the company’s stock worth $616,000 after acquiring an additional 8,598 shares during the period. Finally, Invesco Ltd. bought a new position in shares of Bowhead Specialty in the first quarter valued at approximately $320,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft started coverage on Bowhead Specialty in a report on Friday, August 8th. They set a “buy” rating on the stock. Morgan Stanley dropped their price objective on Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating on the stock 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 research report on Friday, August 15th. Piper Sandler lowered their price objective on shares of Bowhead Specialty from $38.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Finally, JMP Securities cut their target price on shares of Bowhead Specialty from $43.00 to $40.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 14th. 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, Bowhead Specialty has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Bowhead Specialty Stock Performance

Shares of NYSE:BOW opened at $25.47 on Friday. Bowhead Specialty Holdings Inc. has a 52 week low of $23.50 and a 52 week high of $42.29. The company has a market cap of $835.00 million, a PE ratio of 16.33 and a beta of -1.06. The firm has a 50 day simple moving average of $26.07 and a 200 day simple moving average of $30.71.

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