Keefe, Bruyette & Woods Issues Positive Forecast for Bowhead Specialty (NYSE:BOW) Stock Price

Bowhead Specialty (NYSE:BOW) had its price target increased by Keefe, Bruyette & Woods from $36.00 to $44.00 in a research report report published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other analysts have also recently issued reports about the company. Royal Bank of Canada upped their price target on Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. upped their target price on shares of Bowhead Specialty from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, JMP Securities lifted 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 report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $33.60.

Bowhead Specialty Stock Performance

Shares of NYSE BOW opened at $31.84 on Friday. Bowhead Specialty has a fifty-two week low of $22.14 and a fifty-two week high of $37.81. The company’s 50 day simple moving average is $34.47 and its 200 day simple moving average is $30.39.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $116.76 million during the quarter, compared to analyst estimates of $113.00 million. On average, research analysts anticipate that Bowhead Specialty will post 1.38 EPS for the current year.

Insider Buying and Selling at Bowhead Specialty

In other news, Director Family Mutual Insuran American sold 1,362,285 shares of the business’s 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 sale, the director now directly owns 4,700,761 shares in the company, valued at $130,211,079.70. The trade was a 22.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On Bowhead Specialty

Institutional investors have recently bought and sold shares of the company. American Family Investments Inc. acquired a new stake in shares of Bowhead Specialty in the third quarter valued at approximately $169,826,000. American Century Companies Inc. bought a new stake in Bowhead Specialty during the 2nd quarter worth about $23,148,000. Victory Capital Management Inc. boosted its stake in shares of Bowhead Specialty by 4.5% during the 3rd quarter. Victory Capital Management Inc. now owns 658,595 shares of the company’s stock worth $18,447,000 after buying an additional 28,235 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Bowhead Specialty by 16.9% in the 3rd quarter. Wasatch Advisors LP now owns 360,868 shares of the company’s stock valued at $10,108,000 after acquiring an additional 52,296 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Bowhead Specialty in the second quarter valued at about $7,866,000.

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.