Bowhead Specialty Holdings Inc. (NYSE:BOW – Get Free Report)’s stock price shot up 5% on Tuesday after JMP Securities raised their price target on the stock from $31.00 to $32.00. JMP Securities currently has a market outperform rating on the stock. Bowhead Specialty traded as high as $30.60 and last traded at $30.60. 14,051 shares traded hands during trading, a decline of 91% from the average session volume of 155,975 shares. The stock had previously closed at $29.14.
BOW has been the subject of a number of other reports. Keefe, Bruyette & Woods began coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They set a “market perform” rating and a $30.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They issued a “neutral” rating and a $27.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of Bowhead Specialty in a research note on Wednesday, August 7th. Finally, Morgan Stanley began coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They issued an “equal weight” rating and a $26.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Bowhead Specialty presently has an average rating of “Hold” and an average target price of $29.40.
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Bowhead Specialty Trading Up 4.8 %
The stock has a fifty day simple moving average of $28.91.
Bowhead Specialty (NYSE:BOW – Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $98.90 million during the quarter, compared to the consensus estimate of $94.28 million. The company’s revenue was up 51.0% on a year-over-year basis. As a group, equities analysts expect that Bowhead Specialty Holdings Inc. will post 1.3 earnings per share for the current year.
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.
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