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

Bowhead Specialty (NYSE:BOW) had its target price increased by research analysts at JMP Securities from $32.00 to $33.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price target would suggest a potential upside of 1.48% from the company’s current price.

Several other analysts have also recently commented on BOW. Royal Bank of Canada lifted their price target on Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of Bowhead Specialty from $30.00 to $33.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.40.

Bowhead Specialty Stock Performance

Bowhead Specialty stock opened at $32.52 on Wednesday. Bowhead Specialty has a 12-month low of $22.14 and a 12-month high of $32.62. The business’s 50-day moving average price is $29.50.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $116.76 million for the quarter, compared to analysts’ expectations of $113.00 million. As a group, equities research analysts expect that Bowhead Specialty will post 1.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Family Mutual Insuran American sold 1,362,285 shares of Bowhead Specialty stock in a transaction dated 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 transaction, the director now directly owns 4,700,761 shares of the company’s stock, valued at $130,211,079.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Bowhead Specialty in the second quarter worth $2,770,000. Peregrine Capital Management LLC purchased a new position in Bowhead Specialty in the second quarter valued at about $3,073,000. TD Asset Management Inc acquired a new position in shares of Bowhead Specialty during the second quarter worth about $265,000. Victory Capital Management Inc. purchased a new stake in shares of Bowhead Specialty in the second quarter worth about $15,973,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Bowhead Specialty in the second quarter valued at about $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.