Bowhead Specialty (NYSE:BOW) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Bowhead Specialty (NYSE:BOW) from a market perform rating to an outperform rating in a research report sent to investors on Monday, MarketBeat reports. They currently have $44.00 price objective on the stock.

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

Bowhead Specialty Stock Up 1.0 %

Shares of NYSE BOW opened at $34.40 on Monday. Bowhead Specialty has a twelve month low of $22.14 and a twelve month high of $37.81. The business has a fifty day simple moving average of $32.91 and a two-hundred day simple moving average of $32.09.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.35 by $0.07. The company had revenue of $184.77 million during the quarter, compared to the consensus estimate of $102.12 million. As a group, sell-side analysts expect that Bowhead Specialty will post 1.36 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Bowhead Specialty

Large investors have recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. grew its stake in Bowhead Specialty by 66.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,218 shares of the company’s stock valued at $43,000 after purchasing an additional 486 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in Bowhead Specialty during the 4th quarter valued at about $64,000. US Bancorp DE purchased a new stake in Bowhead Specialty during the 4th quarter valued at about $76,000. KLP Kapitalforvaltning AS purchased a new stake in Bowhead Specialty during the 4th quarter valued at about $107,000. Finally, Pictet Asset Management Holding SA purchased a new stake in Bowhead Specialty during the 4th quarter valued at about $145,000.

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.