Bowhead Specialty Holdings Inc.'s (NYSE:BOW) Lock-Up Period Will End on November 19th

Bowhead Specialty's (NYSE:BOW - Get Free Report) lock-up period is set to expire on Tuesday, November 19th. Bowhead Specialty had issued 7,529,412 shares in its initial public offering on May 23rd. The total size of the offering was $128,000,004 based on an initial share price of $17.00. After the end of Bowhead Specialty's lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

BOW has been the topic of several research reports. Keefe, Bruyette & Woods increased 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. JMP Securities increased their target price on Bowhead Specialty from $32.00 to $33.00 and gave the company a "market outperform" rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their price target on Bowhead Specialty from $32.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased their price objective on Bowhead Specialty from $26.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $31.40.

Bowhead Specialty Stock Performance

BOW stock traded up $0.25 during midday trading on Tuesday, hitting $33.49. The stock had a trading volume of 91,331 shares, compared to its average volume of 187,198. Bowhead Specialty has a 12-month low of $22.14 and a 12-month high of $34.09. The business has a 50-day moving average price of $29.53.

Bowhead Specialty (NYSE:BOW - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.38 EPS for the quarter, meeting analysts' consensus estimates of $0.38. The business had revenue of $116.76 million during the quarter, compared to analysts' expectations of $113.00 million. Research analysts forecast that Bowhead Specialty will post 1.33 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Family Mutual Insuran American sold 1,362,285 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 4,700,761 shares in the company, valued at approximately $130,211,079.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Bowhead Specialty

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. acquired a new stake in shares of Bowhead Specialty in the second quarter worth $23,148,000. Victory Capital Management Inc. increased its holdings in 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 acquired a new stake in Bowhead Specialty in the 2nd quarter valued at $7,866,000. Emerald Advisers LLC raised its position in 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 purchasing an additional 7,683 shares during the period. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in shares of Bowhead Specialty by 0.5% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 194,333 shares of the company's stock worth $5,443,000 after purchasing an additional 937 shares in 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.