Bowhead Specialty Holdings Inc. (NYSE:BOW) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have been given an average rating of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $35.00.

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Bowhead Specialty from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Bowhead Specialty in a research report on Tuesday. Keefe, Bruyette & Woods cut their price target on Bowhead Specialty from $45.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Royal Bank Of Canada began coverage on Bowhead Specialty in a research report on Monday. They set an “outperform” rating and a $33.00 price objective on the stock. Finally, Morgan Stanley lowered their price objective on Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Monday, November 17th.

Bowhead Specialty Price Performance

Shares of NYSE:BOW opened at $27.85 on Thursday. Bowhead Specialty has a 1 year low of $23.50 and a 1 year high of $42.29. The firm has a market capitalization of $912.92 million, a PE ratio of 17.85 and a beta of -0.93. The business’s 50 day moving average price is $26.21 and its 200-day moving average price is $31.23.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings data on Monday, August 26th. The company reported $0.27 earnings per share for the quarter. Bowhead Specialty had a return on equity of 13.53% and a net margin of 10.12%.The company had revenue of $65.45 million for the quarter. As a group, analysts expect that Bowhead Specialty will post 1.36 earnings per share for the current year.

Institutional Investors Weigh In On Bowhead Specialty

A number of hedge funds have recently modified their holdings of BOW. American Family Investments Inc. raised its stake in Bowhead Specialty by 6.9% during the second quarter. American Family Investments Inc. now owns 5,023,778 shares of the company’s stock worth $188,542,000 after purchasing an additional 323,017 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Bowhead Specialty by 54.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,525,285 shares of the company’s stock worth $41,244,000 after buying an additional 536,817 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Bowhead Specialty by 36.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company’s stock valued at $40,746,000 after buying an additional 404,199 shares during the period. American Century Companies Inc. lifted its holdings in Bowhead Specialty by 73.3% in the third quarter. American Century Companies Inc. now owns 1,412,408 shares of the company’s stock valued at $38,192,000 after acquiring an additional 597,191 shares during the last quarter. Finally, Polar Capital Holdings Plc grew its position in Bowhead Specialty by 10.4% in the third quarter. Polar Capital Holdings Plc now owns 689,935 shares of the company’s stock worth $18,656,000 after acquiring an additional 64,935 shares during the period.

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.