Bowhead Specialty Holdings Inc. (NYSE:BOW) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust trimmed its stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,007 shares of the company’s stock after selling 28,326 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.51% of Bowhead Specialty worth $5,897,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp raised its holdings in Bowhead Specialty by 61.1% in the 4th quarter. Northern Trust Corp now owns 96,285 shares of the company’s stock valued at $3,420,000 after buying an additional 36,536 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Bowhead Specialty by 0.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 60,963 shares of the company’s stock worth $2,165,000 after purchasing an additional 455 shares in the last quarter. Ghisallo Capital Management LLC raised its stake in Bowhead Specialty by 41.2% in the fourth quarter. Ghisallo Capital Management LLC now owns 120,000 shares of the company’s stock valued at $4,262,000 after buying an additional 35,000 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of Bowhead Specialty during the 4th quarter worth about $199,000. Finally, MetLife Investment Management LLC increased its holdings in shares of Bowhead Specialty by 64.8% in the 4th quarter. MetLife Investment Management LLC now owns 7,264 shares of the company’s stock valued at $258,000 after acquiring an additional 2,855 shares during the last quarter.

Insider Activity

In related news, Director Ava Schnidman purchased 1,493 shares of Bowhead Specialty stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $33.41 per share, for a total transaction of $49,881.13. Following the transaction, the director now owns 1,893 shares in the company, valued at approximately $63,245.13. The trade was a 373.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BOW. Piper Sandler initiated coverage on Bowhead Specialty in a report on Wednesday, April 16th. They issued an “overweight” rating and a $44.00 price target for the company. Keefe, Bruyette & Woods dropped their target price on shares of Bowhead Specialty from $44.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price target on shares of Bowhead Specialty from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Finally, JMP Securities boosted their target price on Bowhead Specialty from $38.00 to $40.00 and gave the company a “market outperform” rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.17.

Bowhead Specialty Stock Up 0.9 %

Shares of NYSE:BOW opened at $40.33 on Tuesday. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $42.29. The company has a 50-day simple moving average of $37.39 and a 200-day simple moving average of $34.66.

Bowhead Specialty (NYSE:BOW) last issued its earnings results on Tuesday, February 25th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. The business had revenue of $184.77 million for the quarter, compared to analysts’ expectations of $102.12 million. Sell-side analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Bowhead Specialty 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.