Lighthouse Investment Partners LLC Has $5.64 Million Holdings in Bowhead Specialty Holdings Inc. $BOW

Lighthouse Investment Partners LLC increased its holdings in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 138.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 208,655 shares of the company’s stock after acquiring an additional 121,037 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Bowhead Specialty were worth $5,642,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its holdings in 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 purchasing an additional 958 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Bowhead Specialty by 38.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,575 shares of the company’s stock worth $134,000 after purchasing an additional 989 shares during the period. Fiduciary Trust Co raised its position in shares of Bowhead Specialty by 13.8% in the third quarter. Fiduciary Trust Co now owns 9,549 shares of the company’s stock valued at $258,000 after buying an additional 1,160 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its position in shares of Bowhead Specialty by 2.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 49,781 shares of the company’s stock valued at $1,346,000 after buying an additional 1,192 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Bowhead Specialty in the second quarter valued at approximately $52,000.

Bowhead Specialty Trading Down 0.1%

Shares of BOW stock opened at $22.58 on Tuesday. Bowhead Specialty Holdings Inc. has a twelve month low of $21.93 and a twelve month high of $42.29. The stock’s fifty day simple moving average is $24.58 and its 200 day simple moving average is $26.29. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $740.30 million, a P/E ratio of 14.20, a P/E/G ratio of 0.68 and a beta of -1.06.

Bowhead Specialty (NYSE:BOW) last posted its earnings results on Tuesday, February 24th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. Bowhead Specialty had a return on equity of 13.27% and a net margin of 9.75%.The firm had revenue of $151.68 million during the quarter, compared to the consensus estimate of $145.99 million. As a group, sell-side analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BOW shares. Keefe, Bruyette & Woods reduced their price target on Bowhead Specialty from $38.00 to $36.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 6th. Morgan Stanley cut their target price on Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, November 17th. Royal Bank Of Canada reduced their target price on Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Zacks Research upgraded Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Piper Sandler boosted their price target on Bowhead Specialty from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

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.