Bowhead Specialty Holdings Inc. (NYSE:BOW) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts give Bowhead Specialty a consensus "Moderate Buy" rating from nine firms (4 hold, 4 buy, 1 strong buy) with an average 12‑month target of about $31.83.
• Institutional investors have been increasing exposure: American Century (+73.3% to 1.41M shares), Victory Capital (+54.3% to 1.53M), Polar Capital (+77.6% to 1.23M), Vanguard (+36.7% to 1.51M), and Gillson Capital opened a new ~$11.3M stake.
• Recent results beat expectations—Q4 EPS $0.47 vs. $0.45 and revenue $151.7M vs. $146.0M—and the stock trades around $23.92 with a market cap ≈ $785.5M and a PE of 15.04.

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the firm, MarketBeat.com reports. Four equities research 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 twelve-month target price among brokerages that have covered the stock in the last year is $31.8333.

A number of analysts have recently issued reports on BOW shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Bowhead Specialty in a research report on Friday, March 27th. Citizens Jmp reduced their price target on shares of Bowhead Specialty from $38.00 to $35.00 and set a "market outperform" rating for the company in a research report on Monday, April 13th. Morgan Stanley reduced their price target on shares of Bowhead Specialty from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Monday, April 6th. Keefe, Bruyette & Woods raised shares of Bowhead Specialty from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, March 16th. Finally, Zacks Research raised shares of Bowhead Specialty from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 24th.

Institutional Trading of Bowhead Specialty

Hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in Bowhead Specialty by 73.3% in the third quarter. American Century Companies Inc. now owns 1,412,408 shares of the company's stock valued at $38,192,000 after purchasing an additional 597,191 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Bowhead Specialty by 54.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,525,285 shares of the company's stock worth $41,244,000 after purchasing an additional 536,817 shares in the last quarter. Polar Capital Holdings Plc raised its stake in shares of Bowhead Specialty by 77.6% during the 4th quarter. Polar Capital Holdings Plc now owns 1,225,000 shares of the company's stock worth $34,962,000 after purchasing an additional 535,065 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Bowhead Specialty by 36.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company's stock worth $40,746,000 after purchasing an additional 404,199 shares in the last quarter. Finally, Gillson Capital LP purchased a new stake in shares of Bowhead Specialty during the 4th quarter worth about $11,317,000.

Bowhead Specialty Stock Performance

Shares of Bowhead Specialty stock opened at $23.92 on Friday. The stock has a market cap of $785.53 million, a PE ratio of 15.04, a price-to-earnings-growth ratio of 0.73 and a beta of -0.49. The business has a fifty day simple moving average of $23.54 and a 200-day simple moving average of $25.25. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.33. Bowhead Specialty has a 12 month low of $21.21 and a 12 month high of $41.98.

Bowhead Specialty (NYSE:BOW - Get Free Report) last issued its earnings results on Tuesday, February 24th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. Bowhead Specialty had a return on equity of 13.27% and a net margin of 9.75%.The business had revenue of $151.68 million during the quarter, compared to analysts' expectations of $145.99 million. On average, sell-side analysts anticipate that Bowhead Specialty will post 1.92 EPS for the current fiscal 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.

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