Bowhead Specialty Holdings Inc. (NYSE:BOW) Receives $33.50 Average Price Target from Analysts

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $33.50.

BOW has been the topic of a number of recent research reports. UBS Group set a $28.00 target price on shares of Bowhead Specialty in a research report on Thursday, May 21st. Weiss Ratings raised shares of Bowhead Specialty from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Keefe, Bruyette & Woods raised their price target on shares of Bowhead Specialty from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Royal Bank Of Canada downgraded shares of Bowhead Specialty from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $38.00 to $34.00 in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Bowhead Specialty from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, July 20th.

Institutional Trading of Bowhead Specialty

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Langdon Equity Partners purchased a new position in Bowhead Specialty in the fourth quarter valued at about $28,000. Versant Capital Management Inc increased its holdings in Bowhead Specialty by 262.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,037 shares of the company’s stock worth $31,000 after purchasing an additional 751 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Bowhead Specialty in the 2nd quarter valued at approximately $52,000. CWM LLC raised its position 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. Finally, Parallel Advisors LLC boosted its stake in shares of Bowhead Specialty by 181.4% during the 1st quarter. Parallel Advisors LLC now owns 1,652 shares of the company’s stock valued at $37,000 after buying an additional 1,065 shares during the last quarter.

Bowhead Specialty Price Performance

BOW stock opened at $33.53 on Friday. The firm has a market cap of $1.10 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 0.99 and a beta of -0.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49. Bowhead Specialty has a 1 year low of $21.21 and a 1 year high of $35.07. The stock has a 50-day simple moving average of $31.88 and a 200-day simple moving average of $27.36.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Bowhead Specialty had a return on equity of 14.05% and a net margin of 10.11%.The firm had revenue of $163.86 million for the quarter, compared to analyst estimates of $278.69 million. On average, equities analysts predict that Bowhead Specialty will post 2 earnings per share for the current fiscal 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.