Bowhead Specialty (NYSE:BOW) Rating Increased to Outperform at Keefe, Bruyette & Woods

Bowhead Specialty (NYSE:BOW) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report released on Monday, MarketBeat Ratings reports. The brokerage currently has a $44.00 price objective on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 29.16% from the company’s current price.

A number of other research analysts have also recently commented on BOW. JPMorgan Chase & Co. raised their price target on shares of Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. JMP Securities raised their target price on Bowhead Specialty from $32.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price target on Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.60.

Bowhead Specialty Stock Performance

Shares of BOW opened at $34.07 on Monday. The stock’s 50-day moving average price is $32.93 and its 200 day moving average price is $32.04. Bowhead Specialty has a 12-month low of $22.14 and a 12-month high of $37.81.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The firm had revenue of $184.77 million for the quarter, compared to the consensus estimate of $102.12 million. Equities analysts predict that Bowhead Specialty will post 1.36 EPS for the current year.

Insider Buying and Selling at Bowhead Specialty

In other news, Director Ava Schnidman bought 1,493 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $33.41 per share, for a total transaction of $49,881.13. Following the completion of the purchase, the director now owns 1,893 shares of the company’s stock, valued at approximately $63,245.13. The trade was a 373.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Bowhead Specialty

Large investors have recently bought and sold shares of the business. Gallatin Point Capital LLC acquired a new position in Bowhead Specialty in the fourth quarter worth $389,599,000. American Family Investments Inc. bought a new position in shares of Bowhead Specialty in the third quarter valued at about $169,826,000. Victory Capital Management Inc. lifted its position in Bowhead Specialty by 129.0% during the 4th quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company’s stock worth $53,564,000 after buying an additional 849,408 shares in the last quarter. Wasatch Advisors LP lifted its position in Bowhead Specialty by 125.3% during the 4th quarter. Wasatch Advisors LP now owns 812,901 shares of the company’s stock worth $28,874,000 after buying an additional 452,033 shares in the last quarter. Finally, Polar Capital Holdings Plc grew its holdings in Bowhead Specialty by 160.3% during the 4th quarter. Polar Capital Holdings Plc now owns 550,000 shares of the company’s stock worth $19,536,000 after acquiring an additional 338,738 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.