Bowhead Specialty (NYSE:BOW) Price Target Raised to $44.00 at Keefe, Bruyette & Woods

Bowhead Specialty (NYSE:BOWFree Report) had its price objective lifted by Keefe, Bruyette & Woods from $36.00 to $44.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. JMP Securities raised their price target on shares of Bowhead Specialty from $32.00 to $33.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada upped their price objective on Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Bowhead Specialty presently has a consensus rating of “Hold” and a consensus target price of $33.60.

View Our Latest Stock Analysis on BOW

Bowhead Specialty Stock Performance

Shares of BOW opened at $31.84 on Friday. The stock’s 50-day moving average price is $34.47 and its 200 day moving average price is $30.39. Bowhead Specialty has a 12-month low of $22.14 and a 12-month high of $37.81.

Bowhead Specialty (NYSE:BOWGet Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $116.76 million for the quarter, compared to the consensus estimate of $113.00 million. Equities analysts predict that Bowhead Specialty will post 1.38 EPS for the current year.

Insider Buying and Selling at Bowhead Specialty

In other Bowhead Specialty news, Director Family Mutual Insuran American sold 1,362,285 shares of Bowhead Specialty stock in a transaction 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 owns 4,700,761 shares in the company, valued at approximately $130,211,079.70. The trade was a 22.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Bowhead Specialty

Large investors have recently made changes to their positions in the business. MetLife Investment Management LLC acquired a new position in Bowhead Specialty during the 3rd quarter worth about $123,000. New Vernon Investment Management LLC bought a new stake in shares of Bowhead Specialty during the third quarter valued at approximately $127,000. Point72 Asset Management L.P. acquired a new stake in shares of Bowhead Specialty in the second quarter valued at approximately $117,000. Sandia Investment Management LP bought a new position in Bowhead Specialty in the 2nd quarter worth approximately $127,000. Finally, Quantbot Technologies LP acquired a new position in Bowhead Specialty during the 3rd quarter worth $157,000.

About Bowhead Specialty

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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.

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Analyst Recommendations for Bowhead Specialty (NYSE:BOW)

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