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

Bowhead Specialty (NYSE:BOW) had its price target raised by equities researchers at JMP Securities from $32.00 to $33.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price target suggests a potential upside of 5.87% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods lifted their price target on shares of Bowhead Specialty from $30.00 to $33.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada lifted their price target on shares of Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Bowhead Specialty presently has a consensus rating of “Hold” and a consensus price target of $30.80.

Bowhead Specialty Stock Performance

BOW traded up $1.37 during midday trading on Wednesday, hitting $31.17. 126,986 shares of the company’s stock traded hands, compared to its average volume of 182,713. The company’s fifty day moving average price is $29.45. Bowhead Specialty has a one year low of $22.14 and a one year high of $32.55.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $116.76 million for the quarter, compared to the consensus estimate of $113.00 million. On average, sell-side analysts anticipate that Bowhead Specialty will post 1.3 earnings per share for the current fiscal year.

Insider Transactions at Bowhead Specialty

In other news, Director Family Mutual Insuran American sold 1,362,285 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $27.70, for a total value of $37,735,294.50. Following the sale, the director now owns 4,700,761 shares in the company, valued at approximately $130,211,079.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On Bowhead Specialty

A number of institutional investors have recently bought and sold shares of the business. American Century Companies Inc. acquired a new stake in Bowhead Specialty during the second quarter worth $23,148,000. Victory Capital Management Inc. boosted its stake in shares of Bowhead Specialty by 4.5% in the 3rd quarter. Victory Capital Management Inc. now owns 658,595 shares of the company’s stock valued at $18,447,000 after purchasing an additional 28,235 shares in the last quarter. Driehaus Capital Management LLC bought a new position in shares of Bowhead Specialty in the second quarter valued at about $7,866,000. Emerald Advisers LLC raised its holdings in shares of Bowhead Specialty by 3.3% in the third quarter. Emerald Advisers LLC now owns 242,633 shares of the company’s stock valued at $6,796,000 after buying an additional 7,683 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in shares of Bowhead Specialty by 0.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 194,333 shares of the company’s stock valued at $5,443,000 after buying an additional 937 shares during the last quarter.

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.