Bowhead Specialty (NYSE:BOW) Price Target Raised to $35.00 at Royal Bank of Canada

Bowhead Specialty (NYSE:BOW) had its price target increased by Royal Bank of Canada from $32.00 to $35.00 in a research report report published on Wednesday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

BOW has been the subject of a number of other research reports. JMP Securities lifted their price target on Bowhead Specialty from $31.00 to $32.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods lifted their target price on Bowhead Specialty from $30.00 to $33.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.80.

Bowhead Specialty Stock Performance

NYSE:BOW traded up $0.40 on Wednesday, hitting $31.60. The stock had a trading volume of 52,566 shares, compared to its average volume of 182,886. Bowhead Specialty has a 52 week low of $22.14 and a 52 week high of $32.55. The company’s fifty day moving average price is $29.47.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $116.76 million for the quarter, compared to the consensus estimate of $113.00 million. On average, equities analysts forecast that Bowhead Specialty will post 1.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bowhead Specialty news, 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 value of $37,735,294.50. Following the transaction, the director now owns 4,700,761 shares of the company’s stock, valued at approximately $130,211,079.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Peregrine Capital Management LLC bought a new position in Bowhead Specialty during the second quarter valued at $3,073,000. Lighthouse Investment Partners LLC purchased a new stake in Bowhead Specialty in the 2nd quarter worth about $2,653,000. Sei Investments Co. bought a new stake in Bowhead Specialty in the 2nd quarter valued at about $2,021,000. The Manufacturers Life Insurance Company purchased a new stake in Bowhead Specialty during the second quarter valued at about $1,458,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Bowhead Specialty during the second 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.