Bowhead Specialty (NYSE:BOW – Get Free Report) had its price target increased by equities research analysts at Keefe, Bruyette & Woods from $31.00 to $34.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 21.97% from the stock’s current price.
Several other research firms also recently weighed in on BOW. Weiss Ratings upgraded Bowhead Specialty from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Citizens Jmp dropped their target price on shares of Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. Zacks Research raised shares of Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Morgan Stanley boosted their price target on shares of Bowhead Specialty from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Royal Bank Of Canada lowered their price target on shares of Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.83.
Check Out Our Latest Analysis on Bowhead Specialty
Bowhead Specialty Trading Down 0.0%
Bowhead Specialty (NYSE:BOW – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Bowhead Specialty had a return on equity of 13.80% and a net margin of 9.99%.The business had revenue of $155.69 million during the quarter, compared to analyst estimates of $211.74 million. As a group, equities analysts expect that Bowhead Specialty will post 1.95 EPS for the current year.
Institutional Trading of Bowhead Specialty
Several institutional investors have recently bought and sold shares of the business. Martingale Asset Management L P increased its holdings in Bowhead Specialty by 1.9% in the 4th quarter. Martingale Asset Management L P now owns 25,791 shares of the company’s stock worth $736,000 after acquiring an additional 484 shares in the last quarter. Invesco Ltd. raised its position in Bowhead Specialty by 3.5% during the fourth quarter. Invesco Ltd. now owns 14,484 shares of the company’s stock worth $413,000 after acquiring an additional 490 shares during the period. Royal Bank of Canada lifted its holdings in Bowhead Specialty by 45.5% during the fourth quarter. Royal Bank of Canada now owns 2,065 shares of the company’s stock valued at $59,000 after purchasing an additional 646 shares in the last quarter. Jump Financial LLC lifted its holdings in Bowhead Specialty by 6.6% during the fourth quarter. Jump Financial LLC now owns 10,860 shares of the company’s stock valued at $310,000 after purchasing an additional 673 shares in the last quarter. Finally, Langdon Equity Partners acquired a new stake in shares of Bowhead Specialty in the fourth quarter valued at about $28,000.
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.
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