Bowhead Specialty (NYSE:BOW) Price Target Raised to $33.00

Bowhead Specialty (NYSE:BOW) had its price target lifted by Keefe, Bruyette & Woods from $30.00 to $33.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a market perform rating on the stock.

BOW has been the subject of a number of other reports. Royal Bank of Canada reiterated an “outperform” rating and set a $32.00 price objective on shares of Bowhead Specialty in a research note on Tuesday. JMP Securities upped their price target on shares of Bowhead Specialty from $31.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. 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 has a consensus rating of “Hold” and an average price target of $30.00.

Bowhead Specialty Stock Performance

Shares of Bowhead Specialty stock opened at $29.38 on Tuesday. Bowhead Specialty has a 1-year low of $22.14 and a 1-year high of $32.55. The stock’s fifty day simple moving average is $29.52.

Bowhead Specialty (NYSE:BOW) last released its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $98.90 million for the quarter, compared to analysts’ expectations of $94.28 million. The company’s revenue was up 51.0% compared to the same quarter last year. As a group, equities analysts expect that Bowhead Specialty will post 1.3 EPS for the current fiscal year.

Insider Activity at Bowhead Specialty

In other Bowhead Specialty news, Director Family Mutual Insuran American sold 1,362,285 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $27.70, for a total value of $37,735,294.50. Following the completion of the transaction, the director now directly owns 4,700,761 shares in the company, valued at $130,211,079.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BOW. Peregrine Capital Management LLC bought a new stake in shares of Bowhead Specialty in the second quarter worth about $3,073,000. Lighthouse Investment Partners LLC purchased a new position in Bowhead Specialty during the 2nd quarter valued at approximately $2,653,000. Sei Investments Co. bought a new stake in Bowhead Specialty in the 2nd quarter worth approximately $2,021,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Bowhead Specialty during the 2nd quarter worth approximately $1,458,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Bowhead Specialty during the 2nd quarter valued at approximately $4,901,000.

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.