Bowhead Specialty Holdings Inc. (BOW) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst consensus is “Hold”: Nine of 10 covering brokerages rate Bowhead Specialty neutral, while one recommends buying. The average 12-month price target is $33.50, slightly below the stock’s $34.16 opening price.
• Recent analyst actions were mixed, with some firms raising price targets while Royal Bank of Canada and Deutsche Bank downgraded the stock to more neutral ratings.
• Institutional interest has increased: Several funds initiated positions, including American Family Investments’ stake worth about $140.7 million, while Wasatch Advisors increased its holdings by 28.9%. Bowhead also modestly exceeded quarterly EPS expectations, reporting $0.48 versus the $0.47 consensus.

Bowhead Specialty Holdings Inc. (NYSE:BOW - Get Free Report) has been assigned an average rating of "Hold" from the ten brokerages that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $33.50.

Several equities analysts have commented on the company. Morgan Stanley increased their price target on Bowhead Specialty from $30.00 to $34.00 and gave the company an "equal weight" rating in a report on Wednesday, August 19th. 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 report on Wednesday, July 8th. Royal Bank Of Canada downgraded shares of Bowhead Specialty from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $38.00 to $34.00 in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft lowered shares of Bowhead Specialty from a "buy" rating to a "hold" rating and set a $34.00 target price on the stock. in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Bowhead Specialty from $30.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, July 20th.

Institutional Investors Weigh In On Bowhead Specialty

Hedge funds have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new position in shares of Bowhead Specialty during the third quarter worth approximately $677,000. Integrated Wealth Concepts LLC bought a new stake in shares of Bowhead Specialty in the second quarter valued at approximately $35,000. American Family Investments Inc. acquired a new stake in shares of Bowhead Specialty in the second quarter worth $140,693,777. Bank of New York Mellon Corp acquired a new stake in shares of Bowhead Specialty in the second quarter worth $1,607,000. Finally, Wasatch Advisors LP grew its stake in shares of Bowhead Specialty by 28.9% in the second quarter. Wasatch Advisors LP now owns 348,437 shares of the company's stock worth $10,429,000 after acquiring an additional 78,209 shares during the last quarter.

Bowhead Specialty Stock Up 0.4%

Shares of Bowhead Specialty stock opened at $34.16 on Friday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.01 and a beta of -0.07. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.49 and a quick ratio of 0.49. Bowhead Specialty has a 52-week low of $21.21 and a 52-week high of $35.07. The stock has a 50-day simple moving average of $33.72 and a 200-day simple moving average of $29.76.

Bowhead Specialty (NYSE:BOW - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. Bowhead Specialty had a return on equity of 14.05% and a net margin of 10.11%. The business had revenue of $163.86 million during the quarter, compared to analysts' expectations of $278.69 million. On average, equities research analysts expect that Bowhead Specialty will post 2.00 earnings per share for the current fiscal year.

About Bowhead Specialty

Bowhead Specialty NYSE: BOW is a specialty insurance holding company that provides coverage for complex and hard-to-place risks. Through its insurance subsidiaries, the company primarily underwrites specialty products for businesses and organizations across the United States.

Its offerings include casualty insurance, professional liability coverage, healthcare-related liability products and other specialty lines. Bowhead distributes its products primarily through wholesale insurance brokers, serving customers whose needs may not be met by standard commercial insurance carriers.

The company was established in 2020 and became a publicly traded company in 2024.

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