Alberta Investment Management Corp Purchases 57,554 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

Alberta Investment Management Corp increased its position in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 64.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,032 shares of the company’s stock after purchasing an additional 57,554 shares during the period. Alberta Investment Management Corp owned approximately 0.45% of Bowhead Specialty worth $5,223,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. American Family Investments Inc. bought a new position in Bowhead Specialty in the 3rd quarter worth about $169,826,000. Victory Capital Management Inc. lifted its stake in Bowhead Specialty by 4.5% during the 3rd quarter. Victory Capital Management Inc. now owns 658,595 shares of the company’s stock valued at $18,447,000 after acquiring an additional 28,235 shares during the period. Wasatch Advisors LP lifted its stake in Bowhead Specialty by 16.9% during the 3rd quarter. Wasatch Advisors LP now owns 360,868 shares of the company’s stock valued at $10,108,000 after acquiring an additional 52,296 shares during the period. Peregrine Capital Management LLC lifted its stake in Bowhead Specialty by 143.3% during the 4th quarter. Peregrine Capital Management LLC now owns 295,723 shares of the company’s stock valued at $10,504,000 after acquiring an additional 174,172 shares during the period. Finally, Lord Abbett & CO. LLC lifted its stake in Bowhead Specialty by 10.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 257,870 shares of the company’s stock valued at $7,223,000 after acquiring an additional 25,304 shares during the period.

Analyst Ratings Changes

Several equities analysts have issued reports on BOW shares. 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 research note on Friday, January 10th. Royal Bank of Canada upped their target price 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. JMP Securities upped their price target on shares of Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Bowhead Specialty from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.60.

Bowhead Specialty Stock Down 0.9 %

NYSE BOW opened at $31.75 on Thursday. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $37.81. The company has a 50-day moving average price of $33.32 and a 200-day moving average price of $31.68.

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.