Bowhead Specialty (NYSE:BOW) Price Target Lowered to $31.00 at Keefe, Bruyette & Woods

Bowhead Specialty (NYSE:BOW) had its price objective reduced by Keefe, Bruyette & Woods from $36.00 to $31.00 in a research report report published on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Bowhead Specialty in a research report on Friday, March 27th. Morgan Stanley dropped their target price on shares of Bowhead Specialty from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday. 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 report on Monday, December 22nd. Royal Bank Of Canada dropped their target price on shares of Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Finally, Zacks Research raised shares of Bowhead Specialty from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Bowhead Specialty has a consensus rating of “Moderate Buy” and a consensus price target of $31.83.

Bowhead Specialty Trading Up 1.6%

NYSE:BOW opened at $22.97 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33. Bowhead Specialty has a 12 month low of $21.21 and a 12 month high of $41.98. The company has a market cap of $754.33 million, a PE ratio of 14.45, a price-to-earnings-growth ratio of 0.68 and a beta of -0.49. The company has a 50 day simple moving average of $23.72 and a two-hundred day simple moving average of $25.46.

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. Bowhead Specialty had a net margin of 9.75% and a return on equity of 13.27%. The business had revenue of $151.68 million during the quarter, compared to the consensus estimate of $145.99 million. Research analysts forecast that Bowhead Specialty will post 1.36 earnings per share for the current year.

Institutional Trading of Bowhead Specialty

Several hedge funds have recently bought and sold shares of BOW. 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 worth $38,192,000 after purchasing an additional 597,191 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Bowhead Specialty by 54.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,525,285 shares of the company’s stock worth $41,244,000 after purchasing an additional 536,817 shares in the last quarter. 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 worth $34,962,000 after purchasing an additional 535,065 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 worth $40,746,000 after purchasing an additional 404,199 shares in the last quarter. Finally, Gillson Capital LP purchased a new stake in Bowhead Specialty in the 4th quarter worth $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.