Bowhead Specialty Holdings Inc. (NYSE:BOW) Receives $37.50 Consensus Target Price from Analysts

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $37.50.

BOW has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. JMP Securities upped their price target on Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods upped their price target on Bowhead Specialty from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, Piper Sandler began coverage on Bowhead Specialty in a report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 price target on the stock.

Bowhead Specialty Stock Performance

Shares of Bowhead Specialty stock traded up $0.51 during trading hours on Friday, hitting $38.52. The company's stock had a trading volume of 17,661 shares, compared to its average volume of 217,039. Bowhead Specialty has a twelve month low of $22.14 and a twelve month high of $42.29. The firm has a fifty day moving average of $38.98 and a 200-day moving average of $35.39. The stock has a market cap of $1.26 billion and a price-to-earnings ratio of 29.40.

Bowhead Specialty (NYSE:BOW - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $174.85 million during the quarter, compared to analyst estimates of $105.17 million. On average, sell-side analysts expect that Bowhead Specialty will post 1.36 earnings per share for the current fiscal year.

Insider Transactions at Bowhead Specialty

In other Bowhead Specialty news, Director Ava Schnidman acquired 1,493 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $33.41 per share, with a total value of $49,881.13. Following the transaction, the director now owns 1,893 shares in the company, valued at $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 can be accessed through the SEC website.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Trexquant Investment LP boosted its position in shares of Bowhead Specialty by 242.6% during the 1st quarter. Trexquant Investment LP now owns 39,432 shares of the company's stock worth $1,603,000 after acquiring an additional 27,923 shares in the last quarter. Corebridge Financial Inc. boosted its position in shares of Bowhead Specialty by 34.1% in the 1st quarter. Corebridge Financial Inc. now owns 7,759 shares of the company's stock valued at $315,000 after purchasing an additional 1,972 shares during the period. MetLife Investment Management LLC boosted its position in shares of Bowhead Specialty by 30.4% in the 1st quarter. MetLife Investment Management LLC now owns 9,474 shares of the company's stock valued at $385,000 after purchasing an additional 2,210 shares during the period. Jump Financial LLC boosted its position in shares of Bowhead Specialty by 17.1% in the 1st quarter. Jump Financial LLC now owns 9,050 shares of the company's stock valued at $368,000 after purchasing an additional 1,322 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of Bowhead Specialty by 43.9% in the 1st quarter. Quantbot Technologies LP now owns 15,597 shares of the company's stock valued at $634,000 after purchasing an additional 4,755 shares during the period.

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.