Royal Bank of Canada Initiates Coverage on Bowhead Specialty (NYSE:BOW)

Analysts at Royal Bank of Canada assumed coverage on shares of Bowhead Specialty (NYSE:BOWGet Free Report) in a report released on Monday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $32.00 price target on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 20.89% from the stock’s current price.

BOW has been the topic of a number of other research reports. JPMorgan Chase & Co. initiated coverage on Bowhead Specialty in a research report on Monday. They issued a “neutral” rating and a $27.00 target price on the stock. JMP Securities assumed coverage on shares of Bowhead Specialty in a research report on Monday. They set an “outperform” rating and a $31.00 price objective for the company. Morgan Stanley started coverage on shares of Bowhead Specialty in a research note on Monday. They issued an “equal weight” rating and a $26.00 price objective for the company. Finally, Keefe, Bruyette & Woods began coverage on shares of Bowhead Specialty in a research note on Monday. They set a “market perform” rating and a $30.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $29.20.

Read Our Latest Research Report on BOW

Bowhead Specialty Trading Up 1.7 %

Shares of BOW opened at $26.47 on Monday. Bowhead Specialty has a 52-week low of $22.14 and a 52-week high of $27.49.

Insider Activity

In other Bowhead Specialty news, insider David John Newman bought 26,815 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average cost of $20.36 per share, for a total transaction of $545,953.40. Following the transaction, the insider now directly owns 49,344 shares in the company, valued at $1,004,643.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Fabian Fondriest acquired 12,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was bought at an average cost of $17.00 per share, for a total transaction of $204,000.00. Following the completion of the transaction, the director now directly owns 29,647 shares of the company’s stock, valued at $503,999. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David John Newman acquired 26,815 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average cost of $20.36 per share, for a total transaction of $545,953.40. Following the completion of the purchase, the insider now owns 49,344 shares of the company’s stock, valued at $1,004,643.84. The disclosure for this purchase can be found here. Insiders bought 100,839 shares of company stock valued at $1,804,361 over the last quarter.

Bowhead Specialty Company Profile

(Get Free Report)

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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Analyst Recommendations for Bowhead Specialty (NYSE:BOW)

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