Bowhead Specialty Holdings Inc. (NYSE:BOW) Receives $31.83 Consensus Price Target from Analysts

Bowhead Specialty Holdings Inc. (NYSE:BOWGet 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

Several large investors have recently added to or reduced their stakes in the stock. American Family Investments Inc. grew its holdings in Bowhead Specialty by 6.9% in the 2nd quarter. American Family Investments Inc. now owns 5,023,778 shares of the company’s stock valued at $188,542,000 after buying an additional 323,017 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Bowhead Specialty by 2.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,564,326 shares of the company’s stock worth $44,646,000 after purchasing an additional 39,041 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Bowhead Specialty by 36.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company’s stock worth $40,746,000 after purchasing an additional 404,199 shares during the last quarter. American Century Companies Inc. boosted its holdings in Bowhead Specialty by 73.3% during the 3rd quarter. American Century Companies Inc. now owns 1,412,408 shares of the company’s stock valued at $38,192,000 after acquiring an additional 597,191 shares during the period. Finally, Polar Capital Holdings Plc boosted its holdings in Bowhead Specialty by 77.6% during the 4th quarter. Polar Capital Holdings Plc now owns 1,225,000 shares of the company’s stock valued at $34,962,000 after acquiring an additional 535,065 shares during the period.

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:BOWGet 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

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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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