Bowhead Specialty Holdings Inc. (NYSE:BOW) Receives $33.33 Consensus PT from Brokerages

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $33.3333.

A number of equities analysts recently weighed in on BOW shares. Zacks Research upgraded shares of Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods upgraded shares of Bowhead Specialty from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, March 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bowhead Specialty in a research note on Friday, March 27th. Royal Bank Of Canada dropped their price objective 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, Piper Sandler raised their price objective on Bowhead Specialty from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd.

Hedge Funds Weigh In On Bowhead Specialty

Several institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Bowhead Specialty by 73.3% during the 3rd 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 in the last quarter. Victory Capital Management Inc. raised its stake in Bowhead Specialty by 54.3% during the third quarter. Victory Capital Management Inc. now owns 1,525,285 shares of the company’s stock valued at $41,244,000 after purchasing an additional 536,817 shares in the last quarter. Polar Capital Holdings Plc raised its stake in Bowhead Specialty by 77.6% during the fourth quarter. Polar Capital Holdings Plc now owns 1,225,000 shares of the company’s stock valued at $34,962,000 after purchasing an additional 535,065 shares in the last quarter. Vanguard Group Inc. lifted its position in Bowhead Specialty by 36.7% during the third quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company’s stock valued at $40,746,000 after purchasing an additional 404,199 shares during the last quarter. Finally, Gillson Capital LP bought a new position in Bowhead Specialty during the fourth quarter valued at $11,317,000.

Bowhead Specialty Stock Down 0.1%

NYSE BOW opened at $22.37 on Wednesday. Bowhead Specialty has a 12 month low of $21.21 and a 12 month high of $41.98. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33. The stock has a market cap of $734.70 million, a PE ratio of 14.07, a P/E/G ratio of 0.68 and a beta of -0.49. The stock’s 50 day moving average is $23.81 and its 200 day moving average is $25.57.

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

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.