Bowhead Specialty (NYSE:BOW) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Bowhead Specialty (NYSE:BOW) had its price target lifted by analysts at Keefe, Bruyette & Woods from $36.00 to $44.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 40.04% from the stock’s current price.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. raised 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. Royal Bank of Canada lifted their price target on Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, JMP Securities upped their price objective on shares of Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Bowhead Specialty has a consensus rating of “Hold” and a consensus target price of $33.60.

Bowhead Specialty Stock Performance

Shares of BOW stock traded down $0.41 during trading on Friday, hitting $31.42. The company’s stock had a trading volume of 10,682 shares, compared to its average volume of 132,040. The business has a fifty day moving average of $34.47 and a 200-day moving average of $30.39. Bowhead Specialty has a 52 week low of $22.14 and a 52 week high of $37.81.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $113.00 million. As a group, sell-side analysts expect that Bowhead Specialty will post 1.38 earnings per share for the current year.

Insider Buying and Selling

In other Bowhead Specialty news, Director Family Mutual Insuran American sold 1,362,285 shares of the 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 transaction, the director now directly owns 4,700,761 shares in the company, valued at approximately $130,211,079.70. This trade represents a 22.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Bowhead Specialty

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Family Investments Inc. bought a new stake in Bowhead Specialty during the third quarter valued at about $169,826,000. American Century Companies Inc. bought a new position in shares of Bowhead Specialty during the 2nd quarter valued at approximately $23,148,000. Victory Capital Management Inc. purchased a new stake in Bowhead Specialty in the 2nd quarter worth approximately $15,973,000. Driehaus Capital Management LLC purchased a new position in Bowhead Specialty during the second quarter valued at approximately $7,866,000. Finally, Geode Capital Management LLC purchased a new position in Bowhead Specialty during the third quarter valued at approximately $4,691,000.

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.