Bowhead Specialty Holdings Inc. (NYSE:BOW) Director Family Mutual Insuran American Sells 1,362,285 Shares

Bowhead Specialty Holdings Inc. (NYSE:BOW) Director Family Mutual Insuran American sold 1,362,285 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $27.70, for a total transaction of $37,735,294.50. Following the completion of the sale, the director now directly owns 4,700,761 shares in the company, valued at approximately $130,211,079.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bowhead Specialty Stock Up 0.3 %

Shares of BOW stock opened at $30.06 on Wednesday. The company has a fifty day moving average price of $29.54. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $32.55.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Bowhead Specialty from $30.00 to $33.00 and gave the stock a “market perform” rating in a research report on Tuesday. JMP Securities boosted their price objective on shares of Bowhead Specialty from $31.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $32.00 price target on shares of Bowhead Specialty in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Bowhead Specialty currently has an average rating of “Hold” and a consensus target price of $30.00.

Institutional Trading of Bowhead Specialty

A number of hedge funds have recently modified their holdings of BOW. American Century Companies Inc. acquired a new stake in shares of Bowhead Specialty during the 2nd quarter worth about $23,148,000. Victory Capital Management Inc. acquired a new stake in shares of Bowhead Specialty during the 2nd quarter worth about $15,973,000. Driehaus Capital Management LLC acquired a new stake in shares of Bowhead Specialty during the 2nd quarter worth about $7,866,000. Emerald Advisers LLC acquired a new stake in shares of Bowhead Specialty during the 2nd quarter worth about $5,954,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Bowhead Specialty during the 2nd quarter worth about $4,901,000.

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.