Bowhead Specialty (NYSE:BOW) Stock Price Expected to Rise, JMP Securities Analyst Says

Bowhead Specialty (NYSE:BOW) had its price target increased by stock analysts at JMP Securities from $38.00 to $40.00 in a report issued on Friday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ target price would suggest a potential upside of 5.51% from the company’s current price.

Several other brokerages have also weighed in on BOW. Keefe, Bruyette & Woods cut their price target on Bowhead Specialty from $44.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Bowhead Specialty from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.80.

Bowhead Specialty Stock Down 0.1 %

Shares of BOW stock opened at $37.91 on Friday. Bowhead Specialty has a 12-month low of $22.14 and a 12-month high of $42.29. The business’s fifty day simple moving average is $35.76 and its 200-day simple moving average is $33.73.

Bowhead Specialty (NYSE:BOW) last issued its earnings results on Tuesday, February 25th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. The firm had revenue of $184.77 million during the quarter, compared to analysts’ expectations of $102.12 million. As a group, research analysts forecast that Bowhead Specialty will post 1.36 earnings per share for the current year.

Insider Activity

In other Bowhead Specialty news, Director Ava Schnidman acquired 1,493 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $33.41 per share, for a total transaction of $49,881.13. Following the completion of the transaction, the director now owns 1,893 shares of the company’s stock, valued at approximately $63,245.13. The trade was a 373.25 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Bowhead Specialty

Several institutional investors and hedge funds have recently bought and sold shares of BOW. Summit Investment Advisors Inc. lifted its stake in Bowhead Specialty by 66.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,218 shares of the company’s stock worth $43,000 after acquiring an additional 486 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Bowhead Specialty in the fourth quarter valued at $64,000. US Bancorp DE purchased a new position in Bowhead Specialty in the fourth quarter valued at $76,000. KLP Kapitalforvaltning AS acquired a new position in Bowhead Specialty during the 4th quarter worth $107,000. Finally, GAMMA Investing LLC increased its holdings in Bowhead Specialty by 7,651.2% during the 1st quarter. GAMMA Investing LLC now owns 3,333 shares of the company’s stock worth $135,000 after purchasing an additional 3,290 shares during the period.

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.