Brokerages Set Bowhead Specialty Holdings Inc. (NYSE:BOW) Target Price at $31.83

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $31.4286.

BOW has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their price objective on 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 upped their price objective on Bowhead Specialty from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Zacks Research upgraded Bowhead Specialty from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Keefe, Bruyette & Woods upped their price objective on Bowhead Specialty from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded Bowhead Specialty from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 8th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. American Family Investments Inc. lifted its holdings in Bowhead Specialty by 6.9% in the second quarter. American Family Investments Inc. now owns 5,023,778 shares of the company’s stock valued at $188,542,000 after acquiring an additional 323,017 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Bowhead Specialty by 2.6% during the fourth 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 in the last quarter. Vanguard Group Inc. lifted its stake in Bowhead Specialty by 36.7% during the third 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 in the last quarter. American Century Companies Inc. lifted its stake in Bowhead Specialty by 73.3% during the third quarter. American Century Companies Inc. now owns 1,412,408 shares of the company’s stock worth $38,192,000 after purchasing an additional 597,191 shares in the last quarter. Finally, Polar Capital Holdings Plc lifted its stake in Bowhead Specialty by 77.6% during the fourth quarter. Polar Capital Holdings Plc now owns 1,225,000 shares of the company’s stock worth $34,962,000 after purchasing an additional 535,065 shares in the last quarter.

Bowhead Specialty Price Performance

BOW stock opened at $28.24 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.47 and a quick ratio of 0.47. The business has a 50 day simple moving average of $24.47 and a 200-day simple moving average of $25.45. The firm has a market capitalization of $927.24 million, a PE ratio of 16.32, a price-to-earnings-growth ratio of 0.84 and a beta of -0.15. Bowhead Specialty has a 1 year low of $21.21 and a 1 year high of $37.98.

Bowhead Specialty (NYSE:BOW) last posted 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. The business had revenue of $155.69 million during the quarter, compared to analyst estimates of $211.74 million. Bowhead Specialty had a return on equity of 13.80% and a net margin of 9.99%. Equities research analysts anticipate that Bowhead Specialty will post 2 earnings per share for the current fiscal year.

Bowhead Specialty Company Profile

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.