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

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $33.8333.

A number of research firms recently weighed in on BOW. Weiss Ratings restated a “hold (c-)” rating on shares of Bowhead Specialty in a research report on Monday, December 29th. Piper Sandler lifted their price target on shares of Bowhead Specialty from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Morgan Stanley lowered their price objective on shares of Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, November 17th. JMP Securities cut their price objective on shares of Bowhead Specialty from $43.00 to $40.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Bowhead Specialty from $38.00 to $36.00 and set an “outperform” rating on the stock in a report on Tuesday, January 6th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BOW. State of Alaska Department of Revenue purchased a new position in shares of Bowhead Specialty during the third quarter valued at approximately $42,000. Raymond James Financial Inc. purchased a new stake in Bowhead Specialty in the second quarter worth $52,000. Tower Research Capital LLC TRC boosted its holdings in Bowhead Specialty by 99.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,926 shares of the company’s stock valued at $72,000 after acquiring an additional 958 shares in the last quarter. Quarry LP increased its position in Bowhead Specialty by 19,489.5% during the 3rd quarter. Quarry LP now owns 3,722 shares of the company’s stock valued at $101,000 after purchasing an additional 3,703 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its position in Bowhead Specialty by 38.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,575 shares of the company’s stock valued at $134,000 after purchasing an additional 989 shares during the period.

Bowhead Specialty Stock Performance

Shares of NYSE:BOW opened at $25.38 on Friday. The firm has a market capitalization of $831.79 million, a PE ratio of 16.27 and a beta of -1.06. Bowhead Specialty has a 52-week low of $23.50 and a 52-week high of $42.29. The firm has a fifty day moving average of $27.14 and a 200 day moving average of $28.80.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Bowhead Specialty had a return on equity of 13.53% and a net margin of 10.12%.The firm had revenue of $143.93 million during the quarter, compared to analyst estimates of $144.01 million. On average, sell-side analysts forecast that Bowhead Specialty will post 1.36 EPS 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.