Bowhead Specialty (NYSE:BOW) Given New $33.00 Price Target at JMP Securities

Bowhead Specialty (NYSE:BOW) had its price target lifted by JMP Securities from $32.00 to $33.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

A number of other analysts also recently issued reports on BOW. Royal Bank of Canada raised their price target on shares of Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their price target on shares of Bowhead Specialty from $30.00 to $33.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.40.

Bowhead Specialty Trading Up 1.0 %

Shares of BOW stock opened at $32.83 on Wednesday. Bowhead Specialty has a one year low of $22.14 and a one year high of $33.85. The company’s 50-day moving average price is $29.53.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $116.76 million for the quarter, compared to analysts’ expectations of $113.00 million. On average, analysts forecast that Bowhead Specialty will post 1.33 EPS for the current year.

Insider Buying and Selling

In related news, Director Family Mutual Insuran American sold 1,362,285 shares of the firm’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 transaction, the director now owns 4,700,761 shares of the company’s stock, valued at approximately $130,211,079.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Bowhead Specialty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in Bowhead Specialty during the 2nd quarter worth approximately $117,000. Sandia Investment Management LP bought a new stake in Bowhead Specialty during the 2nd quarter worth approximately $127,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Bowhead Specialty during the 2nd quarter worth approximately $192,000. Davidson Kempner Capital Management LP bought a new stake in Bowhead Specialty during the 2nd quarter worth approximately $253,000. Finally, TD Asset Management Inc bought a new stake in Bowhead Specialty during the 2nd quarter worth 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.