Bowhead Specialty Holdings Inc.’s (NYSE:BOW) Quiet Period To Expire on July 2nd

Bowhead Specialty’s (NYSE:BOWGet Free Report) quiet period is set to end on Tuesday, July 2nd. Bowhead Specialty had issued 7,529,412 shares in its public offering on May 23rd. The total size of the offering was $128,000,004 based on an initial share price of $17.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BOW. JMP Securities started coverage on Bowhead Specialty in a report on Monday, June 17th. They issued an “outperform” rating and a $31.00 target price for the company. JPMorgan Chase & Co. assumed coverage on Bowhead Specialty in a research report on Monday, June 17th. They set a “neutral” rating and a $27.00 price objective for the company. Royal Bank of Canada assumed coverage on Bowhead Specialty in a research report on Monday, June 17th. They set an “outperform” rating and a $32.00 price objective for the company. Keefe, Bruyette & Woods assumed coverage on Bowhead Specialty in a research report on Monday, June 17th. They set a “market perform” rating and a $30.00 price objective for the company. Finally, Morgan Stanley assumed coverage on Bowhead Specialty in a research report on Monday, June 17th. They set an “equal weight” rating and a $26.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Bowhead Specialty currently has a consensus rating of “Hold” and an average target price of $29.20.

View Our Latest Research Report on BOW

Bowhead Specialty Stock Down 1.2 %

BOW opened at $24.21 on Tuesday. Bowhead Specialty has a fifty-two week low of $22.14 and a fifty-two week high of $27.49.

Insider Transactions at Bowhead Specialty

In other news, CEO Stephen Jay Sills purchased 58,824 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was bought at an average cost of $17.00 per share, with a total value of $1,000,008.00. Following the purchase, the chief executive officer now directly owns 180,588 shares of the company’s stock, valued at $3,069,996. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider David John Newman acquired 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, with a total value of $545,953.40. Following the purchase, the insider now owns 49,344 shares of the company’s stock, valued at $1,004,643.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen Jay Sills purchased 58,824 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $17.00 per share, for a total transaction of $1,000,008.00. Following the completion of the transaction, the chief executive officer now owns 180,588 shares in the company, valued at $3,069,996. The disclosure for this purchase can be found here. Insiders bought 100,839 shares of company stock valued at $1,804,361 in the last three months.

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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