Brokerages Set Bowhead Specialty Holdings Inc. (NYSE:BOW) PT at $35.00

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $34.8333.

Several analysts have commented on BOW shares. JPMorgan Chase & Co. decreased their price objective on shares of Bowhead Specialty from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. JMP Securities decreased their target price on shares of Bowhead Specialty from $43.00 to $40.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 14th. Piper Sandler upped their price target on shares of Bowhead Specialty from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank Of Canada assumed coverage on Bowhead Specialty in a research note on Monday, November 24th. They set an “outperform” rating and a $33.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Bowhead Specialty in a report on Monday.

Bowhead Specialty Stock Performance

Bowhead Specialty stock opened at $28.67 on Monday. The business’s 50-day simple moving average is $26.51 and its two-hundred day simple moving average is $29.82. The company has a market cap of $939.89 million, a PE ratio of 18.38 and a beta of -1.06. Bowhead Specialty has a fifty-two week low of $23.50 and a fifty-two week high of $42.29.

Bowhead Specialty (NYSE:BOW) last released its earnings results on Monday, August 26th. The company reported $0.27 EPS for the quarter. Bowhead Specialty had a return on equity of 13.53% and a net margin of 10.12%.The firm had revenue of $65.45 million during the quarter. As a group, analysts predict that Bowhead Specialty will post 1.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Bowhead Specialty

Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in shares of Bowhead Specialty during the 3rd quarter valued at approximately $42,000. Raymond James Financial Inc. acquired a new stake in Bowhead Specialty during the second quarter valued at $52,000. Tower Research Capital LLC TRC increased its holdings in Bowhead Specialty by 99.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,926 shares of the company’s stock valued at $72,000 after buying an additional 958 shares in the last quarter. Quarry LP raised its position in shares of Bowhead Specialty by 19,489.5% in the third quarter. Quarry LP now owns 3,722 shares of the company’s stock worth $101,000 after acquiring an additional 3,703 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Bowhead Specialty by 38.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,575 shares of the company’s stock worth $134,000 after acquiring an additional 989 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.