Bowhead Specialty (NYSE:BOW) Upgraded at Zacks Research

Zacks Research upgraded shares of Bowhead Specialty (NYSE:BOW) from a strong sell rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

BOW has been the subject of a number of other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Bowhead Specialty in a research report on Monday, December 29th. Keefe, Bruyette & Woods cut their price target on Bowhead Specialty from $38.00 to $36.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 6th. Piper Sandler raised their price objective on Bowhead Specialty from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Morgan Stanley dropped their price objective on Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, November 17th. Finally, Royal Bank Of Canada cut their target price on Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.33.

Bowhead Specialty Stock Down 4.4%

NYSE BOW opened at $25.01 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.52 and a debt-to-equity ratio of 0.33. Bowhead Specialty has a fifty-two week low of $22.15 and a fifty-two week high of $42.29. The business has a 50 day moving average price of $25.70 and a two-hundred day moving average price of $26.97. The stock has a market cap of $819.83 million, a PE ratio of 15.73, a P/E/G ratio of 0.83 and a beta of -1.05.

Bowhead Specialty (NYSE:BOW) last posted its earnings results on Tuesday, February 24th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $151.68 million for the quarter, compared to analysts’ expectations of $145.99 million. Bowhead Specialty had a net margin of 9.75% and a return on equity of 13.27%. As a group, sell-side analysts predict that Bowhead Specialty will post 1.36 EPS for the current fiscal year.

Institutional Trading of Bowhead Specialty

Institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Bowhead Specialty by 73.3% during the 3rd quarter. American Century Companies Inc. now owns 1,412,408 shares of the company’s stock worth $38,192,000 after buying an additional 597,191 shares during the last quarter. Victory Capital Management Inc. raised its position 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 valued at $41,244,000 after acquiring an additional 536,817 shares in the last quarter. 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 during the last quarter. Vanguard Group Inc. boosted its holdings in Bowhead Specialty by 36.7% in 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 during the period. Finally, Gillson Capital LP bought a new stake in Bowhead Specialty during the fourth quarter valued at $11,317,000.

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.