Brokerages Set Bowhead Specialty Holdings Inc. (NYSE:BOW) Price Target at $33.50

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $33.00.

BOW has been the subject of several analyst reports. Weiss Ratings upgraded shares of Bowhead Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Piper Sandler lowered shares of Bowhead Specialty from an “overweight” rating to a “hold” rating and set a $34.00 price target on the stock. in a research report on Monday. Royal Bank Of Canada cut shares of Bowhead Specialty from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $38.00 to $34.00 in a report on Tuesday. Keefe, Bruyette & Woods upped their price objective on shares of Bowhead Specialty from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Finally, UBS Group set a $28.00 target price on shares of Bowhead Specialty in a research note on Thursday, May 21st.

Hedge Funds Weigh In On Bowhead Specialty

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in Bowhead Specialty by 112.7% in the first quarter. Royal Bank of Canada now owns 5,406 shares of the company’s stock valued at $219,000 after purchasing an additional 2,864 shares during the period. AQR Capital Management LLC acquired a new position in shares of Bowhead Specialty during the 1st quarter worth approximately $430,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Bowhead Specialty by 42.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,389 shares of the company’s stock worth $382,000 after buying an additional 2,802 shares during the period. Millennium Management LLC raised its stake in shares of Bowhead Specialty by 75.8% during the 1st quarter. Millennium Management LLC now owns 250,277 shares of the company’s stock worth $10,174,000 after buying an additional 107,896 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in shares of Bowhead Specialty during the 1st quarter valued at approximately $206,000.

Bowhead Specialty Stock Up 0.3%

Shares of BOW stock opened at $33.72 on Tuesday. Bowhead Specialty has a twelve month low of $21.21 and a twelve month high of $35.07. The stock has a market cap of $1.11 billion, a P/E ratio of 18.23, a P/E/G ratio of 1.01 and a beta of -0.11. The stock has a 50 day moving average of $29.50 and a 200 day moving average of $26.33. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 0.31.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $163.86 million for the quarter, compared to analyst estimates of $278.69 million. Bowhead Specialty had a return on equity of 14.05% and a net margin of 10.11%. As a group, sell-side analysts expect that Bowhead Specialty will post 1.97 EPS for the current year.

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.