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Ava Schnidman, a director at Bowhead Specialty Holdings Inc. (NASDAQ:BOW), recently made a significant purchase of the company’s stock. According to a recent SEC filing, Schnidman acquired 1,493 shares of Bowhead Specialty common stock at a price of $33.41 per share, totaling $49,881. The stock, which currently trades at $34.59, has shown strong momentum with a 41% return over the past year. InvestingPro data shows the company maintains a GREAT financial health score, with impressive revenue growth of 50% in the last twelve months. This transaction increased Schnidman’s total holdings to 1,893 shares, which are held indirectly through the Ava Schnidman Revocable Living Trust. This move comes as part of Schnidman’s ongoing involvement with the company, where she serves on the board of directors. While the company trades at a P/E ratio of 26x, InvestingPro analysis reveals additional insights about BOW’s valuation and growth prospects in their comprehensive Pro Research Report, available with a subscription.
In other recent news, Bowhead Specialty Holdings has experienced several noteworthy developments. Keefe, Bruyette & Woods upgraded Bowhead Specialty’s stock rating from Market Perform to Outperform, setting a price target of $44.00. This upgrade followed the company’s fourth-quarter earnings report and conference call, where analysts revised their earnings per share estimates for 2025 and 2026 to $1.70 and $2.10, respectively. These adjustments were made based on anticipated growth in Gross Written Premium and reductions in core loss and expense ratios.
Additionally, Bowhead Specialty has announced its first annual meeting of stockholders as a public company, scheduled for May 1, 2025. The announcement was made in a filing with the Securities and Exchange Commission, and further details will be provided in a future proxy statement. The company has set guidelines for shareholder proposals and director nominations, with submissions accepted from January 10 to February 7, 2025. Bowhead Specialty recently changed its name from Bowhead Holdings Inc. and is headquartered on Fifth Avenue in New York City.
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