Brokerages Set Bowhead Specialty Holdings Inc. (NYSE:BOW) Price Target at $32.00

Bowhead Specialty Holdings Inc. (NYSE:BOWGet Free Report) has been given an average rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $33.1429.

BOW has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of Bowhead Specialty from $30.00 to $38.00 and gave the company an “outperform” rating in a report on Monday. Piper Sandler boosted their price objective on Bowhead Specialty from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Morgan Stanley increased their target price on Bowhead Specialty from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. UBS Group set a $28.00 target price on Bowhead Specialty in a report on Thursday, May 21st. Finally, Weiss Ratings raised Bowhead Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd.

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Bowhead Specialty Trading Down 1.9%

NYSE:BOW opened at $30.95 on Friday. Bowhead Specialty has a 12 month low of $21.21 and a 12 month high of $34.21. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 0.95 and a beta of -0.10. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $28.22 and its 200-day moving average is $25.76.

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

Institutional Trading of Bowhead Specialty

Hedge funds have recently bought and sold shares of the stock. Lighthouse Investment Partners LLC lifted its stake in Bowhead Specialty by 138.1% during the third quarter. Lighthouse Investment Partners LLC now owns 208,655 shares of the company’s stock worth $5,642,000 after purchasing an additional 121,037 shares during the period. Bleakley Financial Group LLC bought a new stake in shares of Bowhead Specialty in the 4th quarter valued at approximately $1,086,000. FJ Capital Management LLC acquired a new position in shares of Bowhead Specialty in the 4th quarter worth approximately $1,122,000. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Bowhead Specialty by 40.2% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 69,813 shares of the company’s stock worth $1,992,000 after buying an additional 20,032 shares in the last quarter. Finally, Dockside LLC bought a new position in shares of Bowhead Specialty during the 4th quarter worth approximately $1,070,000.

Bowhead Specialty Company Profile

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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.

Further Reading

Analyst Recommendations for Bowhead Specialty (NYSE:BOW)

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