Insider Selling: Bowhead Specialty Holdings Inc. (NYSE:BOW) Director Sells 1,362,285 Shares of Stock

Bowhead Specialty Holdings Inc. (NYSE:BOW) Director Family Mutual Insuran American sold 1,362,285 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $27.70, for a total transaction of $37,735,294.50. Following the sale, the director now directly owns 4,700,761 shares of the company’s stock, valued at $130,211,079.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bowhead Specialty Price Performance

Shares of Bowhead Specialty stock opened at $29.11 on Friday. The firm’s 50-day simple moving average is $29.54. Bowhead Specialty Holdings Inc. has a 1-year low of $22.14 and a 1-year high of $32.55.

Bowhead Specialty (NYSE:BOW) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $98.90 million for the quarter, compared to analyst estimates of $94.28 million. The business’s revenue was up 51.0% compared to the same quarter last year. On average, analysts predict that Bowhead Specialty Holdings Inc. will post 1.3 EPS for the current fiscal year.

Institutional Trading of Bowhead Specialty

Several large investors have recently modified their holdings of BOW. Point72 Asset Management L.P. bought a new position in shares of Bowhead Specialty during the second quarter worth about $117,000. Sandia Investment Management LP bought a new position in shares of Bowhead Specialty during the second quarter worth about $127,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bowhead Specialty during the second quarter worth about $192,000. Davidson Kempner Capital Management LP bought a new position in shares of Bowhead Specialty during the second quarter worth about $253,000. Finally, TD Asset Management Inc bought a new position in shares of Bowhead Specialty during the second quarter worth about $265,000.

Analyst Ratings Changes

A number of analysts have recently commented on BOW shares. JMP Securities upped their price objective on Bowhead Specialty from $31.00 to $32.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $32.00 price target on shares of Bowhead Specialty in a report on Tuesday. Finally, Keefe, Bruyette & Woods increased their price target on Bowhead Specialty from $30.00 to $33.00 and gave the company a “market perform” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.00.

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.