Bowhead Specialty Holdings Inc. (NYSE:BOW) Stock Has Consensus Price Target of $33.50 According to Brokerages

by · The Markets Daily

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW – Get Free Report) have been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $33.50.

A number of brokerages have issued reports on BOW. Keefe, Bruyette & Woods raised their target price on Bowhead Specialty from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Bowhead Specialty from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research report on Monday, August 3rd. Piper Sandler lowered shares of Bowhead Specialty from an “overweight” rating to a “hold” rating and set a $34.00 price objective on the stock. in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Bowhead Specialty from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Finally, Citigroup downgraded shares of Bowhead Specialty to a “market perform” rating in a research note on Thursday, September 10th.

Check Out Our Latest Research Report on BOW

Institutional Trading of Bowhead Specialty

Large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Bowhead Specialty by 1,796.3% during the 1st quarter. Royal Bank of Canada now owns 39,159 shares of the company’s stock valued at $878,000 after purchasing an additional 37,094 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Bowhead Specialty by 61.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 256,645 shares of the company’s stock worth $5,756,000 after purchasing an additional 97,494 shares in the last quarter. Empowered Funds LLC bought a new stake in Bowhead Specialty during the 1st quarter worth approximately $1,438,000. Steelhead Wealth Management LLC acquired a new stake in Bowhead Specialty during the 1st quarter worth approximately $2,143,000. Finally, American Family Investments Inc. acquired a new stake in Bowhead Specialty during the 2nd quarter worth approximately $140,693,777.

Bowhead Specialty Stock Performance

Shares of Bowhead Specialty stock opened at $33.83 on Wednesday. The firm has a fifty day moving average of $33.05 and a two-hundred day moving average of $28.54. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.00 and a beta of -0.08. Bowhead Specialty has a 52 week low of $21.21 and a 52 week high of $35.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49.

Bowhead Specialty (NYSE:BOW – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. Bowhead Specialty had a return on equity of 14.05% and a net margin of 10.11%.The business had revenue of $163.86 million for the quarter, compared to analyst estimates of $278.69 million. As a group, equities research analysts predict that Bowhead Specialty will post 2 EPS for the current year.

Bowhead Specialty Company Profile

(Get Free Report)

Bowhead Specialty Holdings Inc is a specialty insurance company that provides coverage in the excess and surplus (E&S) and specialty admitted insurance markets. Through its insurance operations, the company focuses on risks that may require specialized underwriting expertise or customized policy terms beyond those typically available through standard commercial insurance.

Its offerings include commercial casualty, professional liability, healthcare liability and other specialty commercial insurance products.

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