Bowhead Specialty (NYSE:BOW) Price Target Raised to $32.00 at JMP Securities

Bowhead Specialty (NYSE:BOW) had its target price upped by analysts at JMP Securities from $31.00 to $32.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ target price indicates a potential upside of 4.03% from the stock’s current price.

Other analysts have also issued research reports about the company. Royal Bank of Canada reissued an “outperform” rating and set a $32.00 price target on shares of Bowhead Specialty in a report on Wednesday, August 7th. Keefe, Bruyette & Woods started coverage on Bowhead Specialty in a research report on Monday, June 17th. They issued a “market perform” rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Bowhead Specialty in a research report on Monday, June 17th. They issued a “neutral” rating and a $27.00 price objective on the stock. Finally, Morgan Stanley started coverage on Bowhead Specialty in a research report on Monday, June 17th. They issued an “equal weight” rating and a $26.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Bowhead Specialty currently has an average rating of “Hold” and an average price target of $29.40.

Bowhead Specialty Price Performance

Shares of BOW opened at $30.76 on Tuesday. Bowhead Specialty has a one year low of $22.14 and a one year high of $32.55. The business has a fifty day moving average price of $29.05.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $98.90 million for the quarter, compared to the consensus estimate of $94.28 million. Bowhead Specialty’s revenue was up 51.0% compared to the same quarter last year. Equities research analysts predict that Bowhead Specialty will post 1.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Bowhead Specialty

Hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in Bowhead Specialty during the second quarter valued at approximately $385,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Bowhead Specialty during the second quarter valued at approximately $192,000. Ghisallo Capital Management LLC purchased a new stake in Bowhead Specialty during the second quarter valued at approximately $2,154,000. Point72 Asset Management L.P. purchased a new stake in Bowhead Specialty during the second quarter valued at approximately $117,000. Finally, Driehaus Capital Management LLC purchased a new stake in Bowhead Specialty during the second quarter valued at 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.