Bowhead Specialty Holdings Inc. (NYSE:BOW) Given Consensus Rating of “Hold” by Brokerages

Bowhead Specialty Holdings Inc. (NYSE:BOW) has been assigned an average rating of “Hold” from the nine research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $33.8333.

BOW has been the subject of several analyst reports. Zacks Research cut Bowhead Specialty from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Piper Sandler upped their target price 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bowhead Specialty in a research note on Monday, December 29th. Keefe, Bruyette & Woods lowered their price target on shares of Bowhead Specialty from $38.00 to $36.00 and set an “outperform” rating for the company in a report on Tuesday, January 6th. Finally, JMP Securities reduced their price objective on shares of Bowhead Specialty from $43.00 to $40.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 14th.

Institutional Trading of Bowhead Specialty

A number of institutional investors have recently bought and sold shares of BOW. Royal Bank of Canada lifted its position in Bowhead Specialty by 112.7% in the first quarter. Royal Bank of Canada now owns 5,406 shares of the company’s stock valued at $219,000 after acquiring an additional 2,864 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Bowhead Specialty during the first quarter worth about $430,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Bowhead Specialty by 42.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,389 shares of the company’s stock valued at $382,000 after purchasing an additional 2,802 shares during the last quarter. Millennium Management LLC lifted its stake in Bowhead Specialty by 75.8% in the first quarter. Millennium Management LLC now owns 250,277 shares of the company’s stock valued at $10,174,000 after buying an additional 107,896 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in Bowhead Specialty in the 1st quarter valued at $206,000.

Bowhead Specialty Stock Down 2.0%

NYSE:BOW opened at $24.55 on Tuesday. Bowhead Specialty has a 52 week low of $23.50 and a 52 week high of $42.29. The company has a fifty day simple moving average of $26.32 and a two-hundred day simple moving average of $27.58. The company has a market cap of $804.75 million, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 0.82 and a beta of -1.05.

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.