Bowhead Specialty Holdings Inc. (NYSE:BOW) Receives Average Rating of “Moderate Buy” from Analysts

Bowhead Specialty Holdings Inc. (NYSE:BOWGet Free Report) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $31.4286.

BOW has been the topic of a number of research analyst reports. Royal Bank Of Canada decreased their price target on shares of Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Morgan Stanley increased their price target on shares of Bowhead Specialty from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Piper Sandler increased their price target on shares of Bowhead Specialty from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Zacks Research raised shares of Bowhead Specialty from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings lowered shares of Bowhead Specialty from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th.

Check Out Our Latest Stock Report on BOW

Hedge Funds Weigh In On Bowhead Specialty

A number of institutional investors have recently made changes to their positions in the stock. Langdon Equity Partners purchased a new stake in shares of Bowhead Specialty in the 4th quarter valued at $28,000. Parallel Advisors LLC boosted its stake in shares of Bowhead Specialty by 181.4% in the 1st quarter. Parallel Advisors LLC now owns 1,652 shares of the company’s stock valued at $37,000 after purchasing an additional 1,065 shares in the last quarter. CWM LLC boosted its stake in shares of Bowhead Specialty by 257.7% in the 4th quarter. CWM LLC now owns 1,481 shares of the company’s stock valued at $42,000 after purchasing an additional 1,067 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Bowhead Specialty in the 2nd quarter valued at $52,000. Finally, Royal Bank of Canada boosted its stake in shares of Bowhead Specialty by 45.5% in the 4th quarter. Royal Bank of Canada now owns 2,065 shares of the company’s stock valued at $59,000 after purchasing an additional 646 shares in the last quarter.

Bowhead Specialty Stock Performance

Bowhead Specialty stock opened at $27.29 on Monday. The firm’s 50 day simple moving average is $26.06 and its 200 day simple moving average is $25.40. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $896.27 million and a PE ratio of 15.78. Bowhead Specialty has a 1-year low of $21.21 and a 1-year high of $37.98.

Bowhead Specialty (NYSE:BOWGet Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $155.69 million for the quarter, compared to analyst estimates of $211.74 million. Bowhead Specialty had a net margin of 9.99% and a return on equity of 13.80%. As a group, analysts expect that Bowhead Specialty will post 1.97 earnings per share for the current fiscal year.

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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