Bowhead Specialty (NYSE:BOW) Price Target Lowered to $25.00 at Morgan Stanley

Bowhead Specialty (NYSE:BOW) had its price objective cut by Morgan Stanley from $27.00 to $25.00 in a research note released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also issued research reports about the company. Keefe, Bruyette & Woods raised Bowhead Specialty from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, March 16th. Royal Bank Of Canada decreased their price target on Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Piper Sandler boosted their price target on Bowhead Specialty from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Zacks Research raised Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Bowhead Specialty in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.67.

Bowhead Specialty Price Performance

Shares of NYSE:BOW opened at $22.52 on Monday. The business’s 50 day simple moving average is $23.75 and its 200-day simple moving average is $25.49. The firm has a market capitalization of $739.52 million, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 0.68 and a beta of -0.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.52 and a quick ratio of 0.52. Bowhead Specialty has a 12 month low of $21.21 and a 12 month high of $41.98.

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

Institutional Investors Weigh In On Bowhead Specialty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American Family Investments Inc. lifted its stake in Bowhead Specialty by 6.9% in the 2nd quarter. American Family Investments Inc. now owns 5,023,778 shares of the company’s stock valued at $188,542,000 after buying an additional 323,017 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Bowhead Specialty by 2.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,564,326 shares of the company’s stock valued at $44,646,000 after buying an additional 39,041 shares in the last quarter. Vanguard Group Inc. lifted its stake in Bowhead Specialty by 36.7% in 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 in the last quarter. American Century Companies Inc. lifted its stake in Bowhead Specialty by 73.3% in the 3rd quarter. American Century Companies Inc. now owns 1,412,408 shares of the company’s stock valued at $38,192,000 after buying an additional 597,191 shares in the last quarter. Finally, Polar Capital Holdings Plc lifted its stake in Bowhead Specialty by 77.6% in the 4th quarter. Polar Capital Holdings Plc now owns 1,225,000 shares of the company’s stock valued at $34,962,000 after buying an additional 535,065 shares in the last quarter.

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.