Keefe, Bruyette & Woods Cuts Bowhead Specialty (NYSE:BOW) Price Target to $36.00

Bowhead Specialty (NYSE:BOW) had its target price lowered by Keefe, Bruyette & Woods from $38.00 to $36.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research firms also recently issued reports on BOW. Morgan Stanley cut their price target on Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, November 17th. Royal Bank Of Canada began coverage on Bowhead Specialty in a research report on Monday, November 24th. They set an “outperform” rating and a $33.00 target price on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bowhead Specialty in a report on Monday, December 29th. Piper Sandler raised their price objective on Bowhead Specialty from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Finally, JMP Securities reduced their target price on shares of Bowhead Specialty from $43.00 to $40.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.83.

Bowhead Specialty Trading Up 0.4%

Shares of NYSE BOW opened at $25.56 on Tuesday. The firm has a market capitalization of $837.86 million, a P/E ratio of 16.38 and a beta of -1.06. The firm’s 50-day moving average price is $27.15 and its 200-day moving average price is $29.22. Bowhead Specialty has a 1-year low of $23.50 and a 1-year high of $42.29.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings data on Monday, August 26th. The company reported $0.27 EPS for the quarter. The firm had revenue of $65.45 million during the quarter. Bowhead Specialty had a return on equity of 13.53% and a net margin of 10.12%. Equities research analysts forecast that Bowhead Specialty will post 1.36 EPS for the current year.

Institutional Trading of Bowhead Specialty

Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Bowhead Specialty in the 2nd quarter worth about $52,000. State of Alaska Department of Revenue purchased a new position in shares of Bowhead Specialty in the third quarter worth about $42,000. Tower Research Capital LLC TRC increased its stake in shares of Bowhead Specialty by 99.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,926 shares of the company’s stock worth $72,000 after purchasing an additional 958 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in shares of Bowhead Specialty by 38.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,575 shares of the company’s stock valued at $134,000 after purchasing an additional 989 shares during the period. Finally, Quarry LP lifted its stake in shares of Bowhead Specialty by 19,489.5% during the 3rd quarter. Quarry LP now owns 3,722 shares of the company’s stock valued at $101,000 after buying an additional 3,703 shares in 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.