Bowhead Specialty (NYSE:BOW) Price Target Raised to $45.00 at Keefe, Bruyette & Woods

Bowhead Specialty (NYSE:BOW) had its price target upped by Keefe, Bruyette & Woods from $43.00 to $45.00 in a research note issued to investors on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Several other analysts have also recently commented on the stock. JMP Securities raised their price objective on shares of Bowhead Specialty from $38.00 to $40.00 and gave the company a “market outperform” rating in a research note on Friday, April 11th. 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 report on Tuesday, April 8th. Finally, Piper Sandler initiated coverage on Bowhead Specialty in a report on Wednesday, April 16th. They issued an “overweight” rating and a $44.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Bowhead Specialty Stock Up 1.3 %

NYSE BOW opened at $39.62 on Friday. Bowhead Specialty has a 52-week low of $22.14 and a 52-week high of $42.29. The firm has a 50-day moving average price of $38.71 and a 200 day moving average price of $35.21. The stock has a market capitalization of $1.29 billion and a P/E ratio of 30.24.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $174.85 million during the quarter, compared to analyst estimates of $105.17 million. On average, equities research analysts expect that Bowhead Specialty will post 1.36 earnings per share for the current fiscal year.

Insider Transactions at Bowhead Specialty

In related news, Director Ava Schnidman bought 1,493 shares of Bowhead Specialty stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $33.41 per share, with a total value of $49,881.13. Following the purchase, the director now owns 1,893 shares in the company, valued at $63,245.13. This represents a 373.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Hedge Funds Weigh In On Bowhead Specialty

Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in Bowhead Specialty by 0.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 60,963 shares of the company’s stock worth $2,165,000 after purchasing an additional 455 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Bowhead Specialty by 66.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,218 shares of the company’s stock worth $43,000 after buying an additional 486 shares in the last quarter. Sei Investments Co. raised its position in shares of Bowhead Specialty by 0.8% in the fourth quarter. Sei Investments Co. now owns 94,395 shares of the company’s stock valued at $3,353,000 after buying an additional 760 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Bowhead Specialty during the first quarter valued at approximately $44,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Bowhead Specialty by 17.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,400 shares of the company’s stock worth $301,000 after acquiring an additional 1,100 shares during the last quarter.

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.