49,322 Shares in Bowhead Specialty Holdings Inc. (NYSE:BOW) Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. bought a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) in the third quarter, Holdings Channel.com reports. The fund bought 49,322 shares of the company’s stock, valued at approximately $1,382,000.

Other large investors have also modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in shares of Bowhead Specialty during the second quarter worth $117,000. MetLife Investment Management LLC purchased a new stake in shares of Bowhead Specialty during the third quarter worth $123,000. New Vernon Investment Management LLC acquired a new position in shares of Bowhead Specialty during the 3rd quarter valued at about $127,000. Quantbot Technologies LP acquired a new position in shares of Bowhead Specialty during the 3rd quarter valued at about $157,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Bowhead Specialty during the 2nd quarter valued at about $192,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BOW. JPMorgan Chase & Co. boosted their price target on shares of Bowhead Specialty from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods boosted their price target on shares of Bowhead Specialty from $36.00 to $44.00 and gave the company a “market perform” rating in a research report on Friday, January 10th. JMP Securities boosted their price target on shares of Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price target on shares of Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.60.

Bowhead Specialty Stock Down 1.0 %

NYSE BOW opened at $31.26 on Friday. The business’s 50-day simple moving average is $34.59 and its 200-day simple moving average is $30.90. Bowhead Specialty Holdings Inc. has a 1-year low of $22.14 and a 1-year high of $37.81.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $116.76 million for the quarter, compared to analyst estimates of $113.00 million. On average, equities research analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

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.