Bowhead Specialty Holdings Inc. (NYSE:BOW – Get Free Report) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $31.4286.
BOW has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their target price on Bowhead Specialty from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada reduced their price objective on Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Zacks Research raised Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. UBS Group set a $28.00 price objective on Bowhead Specialty in a research note on Thursday, May 21st. Finally, Citizens Jmp reduced their price objective on Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th.
Read Our Latest Analysis on Bowhead Specialty
Institutional Trading of Bowhead Specialty
Bowhead Specialty Trading Down 2.8%
Shares of NYSE:BOW opened at $26.98 on Thursday. Bowhead Specialty has a 12-month low of $21.21 and a 12-month high of $37.98. The company has a market capitalization of $886.02 million, a PE ratio of 15.60, a PEG ratio of 0.82 and a beta of -0.15. The business has a 50 day moving average of $24.66 and a two-hundred day moving average of $25.48. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.32.
Bowhead Specialty (NYSE:BOW – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.48 earnings per share (EPS) 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 company had revenue of $155.69 million during the quarter, compared to the consensus estimate of $211.74 million. As a group, analysts forecast that Bowhead Specialty will post 2 EPS for the current year.
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.
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