Bowhead Specialty Holdings Inc. (NYSE:BOW) Director Purchases $49,881.13 in Stock

Bowhead Specialty Holdings Inc. (NYSE:BOW - Get Free Report) Director Ava Schnidman bought 1,493 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $33.41 per share, with a total value of $49,881.13. Following the completion of the purchase, the director now directly owns 1,893 shares in the company, valued at $63,245.13. The trade was a 373.25 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Bowhead Specialty Price Performance

Shares of BOW stock traded down $0.24 during trading hours on Friday, hitting $33.48. 58,708 shares of the company's stock traded hands, compared to its average volume of 120,302. The stock's 50 day simple moving average is $32.88 and its 200 day simple moving average is $32.11. Bowhead Specialty Holdings Inc. has a 12 month low of $22.14 and a 12 month high of $37.81.

Bowhead Specialty (NYSE:BOW - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. The company had revenue of $184.77 million during the quarter, compared to analyst estimates of $102.12 million. As a group, equities analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

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Hedge Funds Weigh In On Bowhead Specialty

A number of large investors have recently modified their holdings of the company. Summit Investment Advisors Inc. raised its stake in shares of Bowhead Specialty by 66.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,218 shares of the company's stock worth $43,000 after purchasing an additional 486 shares during the last quarter. New York State Common Retirement Fund bought a new stake in shares of Bowhead Specialty in the 4th quarter worth $64,000. US Bancorp DE purchased a new stake in shares of Bowhead Specialty in the fourth quarter valued at about $76,000. KLP Kapitalforvaltning AS bought a new position in shares of Bowhead Specialty during the fourth quarter valued at about $107,000. Finally, MetLife Investment Management LLC purchased a new position in Bowhead Specialty during the third quarter worth about $123,000.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BOW shares. Keefe, Bruyette & Woods raised Bowhead Specialty from a "market perform" rating to an "outperform" rating and set a $44.00 target price for the company in a report on Monday. JPMorgan Chase & Co. boosted their target price on Bowhead Specialty from $26.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.60.

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.