Bowhead Specialty Holdings Inc. (NYSE:BOW) Receives $33.33 Consensus Target Price from Analysts

Bowhead Specialty Holdings Inc. (NYSE:BOW) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $33.3333.

A number of brokerages have issued reports on BOW. Zacks Research raised Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Morgan Stanley decreased their price target on shares of Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, November 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Bowhead Specialty in a research note on Monday, December 29th. 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, December 22nd. Finally, Royal Bank Of Canada reduced their price objective on shares of Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th.

Bowhead Specialty Stock Down 1.7%

Shares of NYSE BOW opened at $23.42 on Friday. Bowhead Specialty has a 1 year low of $22.15 and a 1 year high of $42.29. The firm has a market cap of $767.54 million, a price-to-earnings ratio of 14.73, a PEG ratio of 0.72 and a beta of -1.06. 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’s 50-day simple moving average is $25.15 and its 200-day simple moving average is $26.60.

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

Hedge Funds Weigh In On Bowhead Specialty

Hedge funds have recently bought and sold shares of the company. Langdon Equity Partners bought a new stake in Bowhead Specialty in the fourth quarter valued at about $28,000. State of Alaska Department of Revenue bought a new position in Bowhead Specialty during the 3rd quarter worth approximately $42,000. CWM LLC lifted its holdings in Bowhead Specialty by 257.7% during the 4th quarter. CWM LLC now owns 1,481 shares of the company’s stock worth $42,000 after buying an additional 1,067 shares during the last quarter. Raymond James Financial Inc. bought a new position in Bowhead Specialty during the 2nd quarter worth approximately $52,000. Finally, Royal Bank of Canada lifted its holdings in Bowhead Specialty by 45.5% during the 4th quarter. Royal Bank of Canada now owns 2,065 shares of the company’s stock worth $59,000 after buying an additional 646 shares during the last quarter.

Bowhead Specialty Company Profile

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.