Bowhead Specialty (NYSE:BOW) Price Target Lowered to $35.00 at Citizens Jmp

Bowhead Specialty (NYSE:BOW) had its price target decreased by Citizens Jmp from $38.00 to $35.00 in a research note released on Monday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

A number of other research analysts have also recently weighed in on BOW. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bowhead Specialty in a report on Friday, March 27th. Morgan Stanley reduced their target price on Bowhead Specialty from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Royal Bank Of Canada reduced their target price on Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Keefe, Bruyette & Woods upgraded Bowhead Specialty from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, March 16th. Finally, Zacks Research upgraded Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.83.

Bowhead Specialty Stock Performance

Bowhead Specialty stock opened at $24.47 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a fifty day moving average of $23.67 and a two-hundred day moving average of $25.36. The company has a market capitalization of $803.59 million, a price-to-earnings ratio of 15.39, a PEG ratio of 0.72 and a beta of -0.49. Bowhead Specialty has a fifty-two week low of $21.21 and a fifty-two week high of $41.98.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BOW. American Century Companies Inc. increased its position in shares of Bowhead Specialty by 73.3% during the third quarter. American Century Companies Inc. now owns 1,412,408 shares of the company’s stock worth $38,192,000 after acquiring an additional 597,191 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Bowhead Specialty by 54.3% during the third quarter. Victory Capital Management Inc. now owns 1,525,285 shares of the company’s stock worth $41,244,000 after acquiring an additional 536,817 shares during the last quarter. Polar Capital Holdings Plc increased its position in shares of 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 acquiring an additional 535,065 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Bowhead Specialty by 36.7% during the third quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company’s stock worth $40,746,000 after acquiring an additional 404,199 shares during the last quarter. Finally, Gillson Capital LP purchased a new stake in shares of Bowhead Specialty during the fourth quarter worth about $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.