Bowhead Specialty (NYSE:BOW) Price Target Raised to $40.00 at JMP Securities

Bowhead Specialty (NYSE:BOW) had its price target increased by JMP Securities from $38.00 to $40.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a market outperform rating on the stock.

Several other brokerages also recently issued reports on BOW. JPMorgan Chase & Co. lifted their price objective on Bowhead Specialty from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price target on Bowhead Specialty from $44.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Bowhead Specialty currently has a consensus rating of “Moderate Buy” and an average target price of $35.80.

Bowhead Specialty Trading Down 0.1 %

Shares of Bowhead Specialty stock opened at $37.91 on Friday. Bowhead Specialty has a 12-month low of $22.14 and a 12-month high of $42.29. The company has a 50-day simple moving average of $35.76 and a 200 day simple moving average of $33.77.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. The firm had revenue of $184.77 million for the quarter, compared to analyst estimates of $102.12 million. On average, 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 company’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 transaction, the director now directly owns 1,893 shares in the company, valued at $63,245.13. The trade was a 373.25 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Trading of Bowhead Specialty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOW. Charles Schwab Investment Management Inc. bought a new position in shares of Bowhead Specialty in the 3rd quarter valued at about $1,829,000. Geode Capital Management LLC acquired a new position in Bowhead Specialty in the third quarter valued at approximately $4,691,000. Barclays PLC acquired a new stake in Bowhead Specialty during the 3rd quarter worth $479,000. Bank of New York Mellon Corp grew its holdings in Bowhead Specialty by 180.6% during the 4th quarter. Bank of New York Mellon Corp now owns 29,550 shares of the company’s stock worth $1,050,000 after acquiring an additional 19,018 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Bowhead Specialty by 89.5% during the 4th quarter. Rhumbline Advisers now owns 12,601 shares of the company’s stock valued at $448,000 after acquiring an additional 5,953 shares during the last quarter.

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.