Bowhead Specialty (NYSE:BOW) Price Target Raised to $32.00

Bowhead Specialty (NYSE:BOW - Free Report) had its target price hoisted by JMP Securities from $31.00 to $32.00 in a report issued on Tuesday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Several other analysts also recently commented on BOW. JPMorgan Chase & Co. assumed coverage on shares of Bowhead Specialty in a research report on Monday, June 17th. They set a neutral rating and a $27.00 price objective for the company. Morgan Stanley assumed coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They issued an equal weight rating and a $26.00 price target for the company. Keefe, Bruyette & Woods began coverage on shares of Bowhead Specialty in a research report on Monday, June 17th. They set a market perform rating and a $30.00 price objective on the stock. Finally, Royal Bank of Canada restated an outperform rating and issued a $32.00 target price on shares of Bowhead Specialty in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Bowhead Specialty has an average rating of Hold and an average price target of $29.40.

Bowhead Specialty Stock Up 4.7 %

NYSE BOW traded up $1.38 during mid-day trading on Tuesday, reaching $30.52. 147,860 shares of the stock were exchanged, compared to its average volume of 157,355. The company has a 50 day moving average of $28.91. Bowhead Specialty has a one year low of $22.14 and a one year high of $32.55.

Bowhead Specialty (NYSE:BOW - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The business had revenue of $98.90 million during the quarter, compared to analyst estimates of $94.28 million. Bowhead Specialty's revenue for the quarter was up 51.0% on a year-over-year basis. As a group, equities analysts expect that Bowhead Specialty will post 1.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bowhead Specialty

Several large investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. purchased a new stake in shares of Bowhead Specialty in the second quarter valued at about $117,000. Sandia Investment Management LP bought a new position in shares of Bowhead Specialty during the 2nd quarter valued at approximately $127,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Bowhead Specialty during the 2nd quarter worth approximately $192,000. Davidson Kempner Capital Management LP bought a new stake in shares of Bowhead Specialty in the 2nd quarter worth approximately $253,000. Finally, TD Asset Management Inc purchased a new position in Bowhead Specialty in the second quarter valued at approximately $265,000.

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.