Keefe, Bruyette & Woods upgraded shares of Bowhead Specialty (NYSE:BOW - Free Report) from a market perform rating to an outperform rating in a report published on Monday, MarketBeat.com reports. They currently have $44.00 price objective on the stock.
Other analysts have also issued research reports about the stock. Royal Bank of Canada lifted their target price on shares of Bowhead Specialty from $32.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on Bowhead Specialty from $26.00 to $30.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Finally, JMP Securities lifted their target price on Bowhead Specialty from $32.00 to $33.00 and gave the company a "market outperform" rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.60.
Read Our Latest Report on BOW
Bowhead Specialty Stock Down 1.8 %
Shares of NYSE BOW traded down $0.62 during midday trading on Monday, reaching $33.76. 150,204 shares of the stock traded hands, compared to its average volume of 121,765. The company's 50 day moving average is $32.90 and its 200 day moving average is $32.10. Bowhead Specialty has a one year low of $22.14 and a one year high of $37.81.
Bowhead Specialty (NYSE:BOW - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.07. The business had revenue of $184.77 million for the quarter, compared to the consensus estimate of $102.12 million. As a group, equities analysts predict that Bowhead Specialty will post 1.36 EPS for the current fiscal year.
Insider Activity at Bowhead Specialty
In related news, Director Ava Schnidman bought 1,493 shares of the firm's stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $33.41 per share, for a total transaction of $49,881.13. Following the transaction, the director now owns 1,893 shares of the company's stock, valued at approximately $63,245.13. This trade represents a 373.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Hedge Funds Weigh In On Bowhead Specialty
Several hedge funds and other institutional investors have recently bought and sold shares of BOW. Gallatin Point Capital LLC acquired a new stake in Bowhead Specialty during the fourth quarter worth approximately $389,599,000. American Family Investments Inc. bought a new stake in shares of Bowhead Specialty in the third quarter worth $169,826,000. Victory Capital Management Inc. lifted its holdings in Bowhead Specialty by 129.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company's stock worth $53,564,000 after buying an additional 849,408 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Bowhead Specialty by 125.3% in the fourth quarter. Wasatch Advisors LP now owns 812,901 shares of the company's stock valued at $28,874,000 after purchasing an additional 452,033 shares during the period. Finally, Polar Capital Holdings Plc raised its stake in shares of Bowhead Specialty by 160.3% during the fourth quarter. Polar Capital Holdings Plc now owns 550,000 shares of the company's stock valued at $19,536,000 after purchasing an additional 338,738 shares in the last quarter.
About Bowhead Specialty
(
Get Free Report)
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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