Bowhead Specialty Holdings Inc.'s Quiet Period To Expire on July 2nd (NYSE:BOW)

Bowhead Specialty's (NYSE:BOW - Get Free Report) quiet period is set to expire on Tuesday, July 2nd. Bowhead Specialty had issued 7,529,412 shares in its public offering on May 23rd. The total size of the offering was $128,000,004 based on an initial share price of $17.00. During the company's quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

BOW has been the subject of several recent research reports. JMP Securities started coverage on Bowhead Specialty in a report on Monday, June 17th. They issued an "outperform" rating and a $31.00 price objective for the company. Royal Bank of Canada started coverage on Bowhead Specialty in a report on Monday, June 17th. They issued an "outperform" rating and a $32.00 target price on the stock. JPMorgan Chase & Co. started coverage on Bowhead Specialty in a report on Monday, June 17th. They set a "neutral" rating and a $27.00 price target on the stock. Morgan Stanley started coverage on Bowhead Specialty in a report on Monday, June 17th. They set an "equal weight" rating and a $26.00 price target on the stock. Finally, Keefe, Bruyette & Woods started coverage on Bowhead Specialty in a report on Monday, June 17th. They set a "market perform" rating and a $30.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Bowhead Specialty has a consensus rating of "Hold" and a consensus price target of $29.20.

Bowhead Specialty Price Performance

BOW stock traded up $0.16 during trading on Tuesday, reaching $24.34. The stock had a trading volume of 180,431 shares, compared to its average volume of 218,021. Bowhead Specialty has a 52 week low of $22.14 and a 52 week high of $27.49.

Insiders Place Their Bets

In other Bowhead Specialty news, insider David John Newman bought 26,815 shares of the business's stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $20.36 per share, for a total transaction of $545,953.40. Following the completion of the transaction, the insider now owns 49,344 shares of the company's stock, valued at approximately $1,004,643.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Shirley Shek Li Yap acquired 3,200 shares of the business's stock in a transaction on Tuesday, May 28th. The stock was bought at an average cost of $17.00 per share, for a total transaction of $54,400.00. Following the purchase, the chief accounting officer now owns 14,964 shares in the company, valued at $254,388. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David John Newman acquired 26,815 shares of the business's stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $20.36 per share, with a total value of $545,953.40. Following the completion of the purchase, the insider now owns 49,344 shares in the company, valued at approximately $1,004,643.84. The disclosure for this purchase can be found here. Insiders purchased a total of 100,839 shares of company stock worth $1,804,361 over the last quarter.

About Bowhead Specialty

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.