Bowhead Specialty (NYSE:BOW) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Bowhead Specialty (NYSE:BOW) had its target price boosted by research analysts at Keefe, Bruyette & Woods from $34.00 to $36.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 12.55% from the stock’s current price.

Several other equities analysts also recently commented on BOW. Morgan Stanley upped their price target on shares of Bowhead Specialty from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday. UBS Group set a $28.00 target price on Bowhead Specialty in a research report on Thursday, May 21st. Weiss Ratings raised Bowhead Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Citizens Jmp reduced their price target on Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. Finally, Piper Sandler boosted their price objective on Bowhead Specialty from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Bowhead Specialty Stock Performance

NYSE:BOW opened at $31.99 on Wednesday. The firm has a market capitalization of $1.05 billion, a PE ratio of 18.49, a PEG ratio of 0.95 and a beta of -0.10. The stock’s fifty day moving average is $27.48 and its 200 day moving average is $25.66. Bowhead Specialty has a fifty-two week low of $21.21 and a fifty-two week high of $35.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.47 and a current ratio of 0.47.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.48 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 company had revenue of $155.69 million during the quarter, compared to analyst estimates of $211.74 million. On average, sell-side analysts anticipate that Bowhead Specialty will post 1.97 earnings per share for the current year.

Hedge Funds Weigh In On Bowhead Specialty

Hedge funds have recently modified their holdings of the stock. Martingale Asset Management L P boosted its stake in Bowhead Specialty by 1.9% in the 4th quarter. Martingale Asset Management L P now owns 25,791 shares of the company’s stock worth $736,000 after purchasing an additional 484 shares in the last quarter. Invesco Ltd. increased its stake in Bowhead Specialty by 3.5% during the 4th quarter. Invesco Ltd. now owns 14,484 shares of the company’s stock valued at $413,000 after purchasing an additional 490 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Bowhead Specialty by 45.5% in the fourth quarter. Royal Bank of Canada now owns 2,065 shares of the company’s stock worth $59,000 after buying an additional 646 shares during the last quarter. Jump Financial LLC raised its holdings in shares of Bowhead Specialty by 6.6% in the fourth quarter. Jump Financial LLC now owns 10,860 shares of the company’s stock worth $310,000 after buying an additional 673 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Bowhead Specialty by 262.6% during the second quarter. Versant Capital Management Inc now owns 1,037 shares of the company’s stock worth $31,000 after buying an additional 751 shares during the period.

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.