Knights of Columbus Asset Advisors LLC Grows Stake in Bowhead Specialty Holdings Inc. $BOW

Knights of Columbus Asset Advisors LLC increased its holdings in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 40.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,813 shares of the company’s stock after purchasing an additional 20,032 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.21% of Bowhead Specialty worth $1,992,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its stake in Bowhead Specialty by 257.7% in the fourth quarter. CWM LLC now owns 1,481 shares of the company’s stock valued at $42,000 after purchasing an additional 1,067 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Bowhead Specialty during the 2nd quarter worth approximately $52,000. Tower Research Capital LLC TRC boosted its holdings in shares of Bowhead Specialty by 99.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,926 shares of the company’s stock valued at $72,000 after buying an additional 958 shares in the last quarter. Signaturefd LLC grew its position in shares of Bowhead Specialty by 5,123.4% in the 4th quarter. Signaturefd LLC now owns 3,343 shares of the company’s stock valued at $95,000 after buying an additional 3,279 shares during the last quarter. Finally, Quarry LP grew its position in shares of Bowhead Specialty by 19,489.5% in the 3rd quarter. Quarry LP now owns 3,722 shares of the company’s stock valued at $101,000 after buying an additional 3,703 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BOW shares. Zacks Research raised shares of Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings lowered Bowhead Specialty from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. UBS Group set a $28.00 target price on Bowhead Specialty in a report on Thursday, May 21st. Royal Bank Of Canada decreased their target price on Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Finally, Citizens Jmp dropped their price target on Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating on the stock in a research note on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.43.

Bowhead Specialty Trading Down 0.6%

Shares of BOW stock opened at $26.81 on Friday. The business’s fifty day moving average price is $24.74 and its 200 day moving average price is $25.48. The firm has a market capitalization of $880.34 million, a PE ratio of 15.50, a P/E/G ratio of 0.81 and a beta of -0.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.47 and a quick ratio of 0.47. Bowhead Specialty Holdings Inc. has a 1-year low of $21.21 and a 1-year high of $37.98.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $155.69 million for the quarter, compared to analysts’ expectations of $211.74 million. Bowhead Specialty had a net margin of 9.99% and a return on equity of 13.80%. As a group, sell-side analysts forecast that Bowhead Specialty Holdings Inc. will post 1.97 EPS for the current fiscal year.

About Bowhead Specialty

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.