Keefe, Bruyette & Woods Boosts Bowhead Specialty (NYSE:BOW) Price Target to $44.00

Bowhead Specialty (NYSE:BOW) had its price target lifted by research analysts at Keefe, Bruyette & Woods from $36.00 to $44.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 40.04% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Royal Bank of Canada increased their price target on shares of Bowhead Specialty from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price target on Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, JMP Securities upped their target price on shares of Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $33.60.

Bowhead Specialty Trading Down 1.3 %

BOW traded down $0.41 on Friday, reaching $31.42. 10,682 shares of the company traded hands, compared to its average volume of 132,040. The firm has a fifty day simple moving average of $34.47 and a two-hundred day simple moving average of $30.39. Bowhead Specialty has a one year low of $22.14 and a one year high of $37.81.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $116.76 million during the quarter, compared to analysts’ expectations of $113.00 million. On average, research analysts expect that Bowhead Specialty will post 1.38 EPS for the current year.

Insider Activity

In other Bowhead Specialty news, Director Family Mutual Insuran American sold 1,362,285 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $27.70, for a total value of $37,735,294.50. Following the sale, the director now directly owns 4,700,761 shares of the company’s stock, valued at approximately $130,211,079.70. This trade represents a 22.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Bowhead Specialty

Several hedge funds have recently modified their holdings of BOW. American Family Investments Inc. bought a new position in Bowhead Specialty during the 3rd quarter worth approximately $169,826,000. American Century Companies Inc. acquired a new stake in Bowhead Specialty during the second quarter worth about $23,148,000. Victory Capital Management Inc. lifted its holdings in Bowhead Specialty by 4.5% in the third quarter. Victory Capital Management Inc. now owns 658,595 shares of the company’s stock worth $18,447,000 after acquiring an additional 28,235 shares during the last quarter. Wasatch Advisors LP boosted its stake in Bowhead Specialty by 16.9% in the third quarter. Wasatch Advisors LP now owns 360,868 shares of the company’s stock valued at $10,108,000 after acquiring an additional 52,296 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Bowhead Specialty during the 2nd quarter worth approximately $7,866,000.

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.