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

Key Points

• Analyst consensus is “Hold”: Seven of nine analysts rate Bowhead Specialty Holdings (NYSE:BOW) a hold, while two recommend buying. The average 12-month price target is $33.50, near the stock’s reported $33.58 opening price.
• Recent rating changes were mixed but generally cautious: Deutsche Bank, Piper Sandler, and Royal Bank of Canada downgraded the stock, while Keefe, Bruyette & Woods raised its target to $36 and maintained an “outperform” rating.
• Quarterly EPS slightly beat expectations: Bowhead reported earnings of $0.48 per share versus the $0.47 consensus estimate, with a 10.11% net margin and 14.05% return on equity. Several institutional investors also increased their positions or initiated new stakes.

Bowhead Specialty Holdings Inc. (NYSE:BOW - Get Free Report) has earned an average rating of "Hold" from the nine analysts that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $33.50.

BOW has been the topic of several recent analyst reports. 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 report on Monday, August 3rd. Weiss Ratings raised Bowhead Specialty from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 19th. Piper Sandler lowered Bowhead Specialty from an "overweight" rating to a "hold" rating and set a $34.00 price objective for the company. in a research report on Monday, August 3rd. Keefe, Bruyette & Woods boosted their price objective on Bowhead Specialty from $34.00 to $36.00 and gave the company an "outperform" rating in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada lowered Bowhead Specialty from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $38.00 to $34.00 in a research report on Tuesday, August 4th.

Hedge Funds Weigh In On Bowhead Specialty

A number of institutional investors and hedge funds have recently modified their holdings of the business. American Family Investments Inc. bought a new stake in shares of Bowhead Specialty in the 2nd quarter valued at $140,693,777. Polar Capital Holdings Plc lifted its position 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 valued at $34,962,000 after acquiring an additional 535,065 shares during the period. California State Teachers Retirement System boosted its stake in Bowhead Specialty by 3,401.2% during the second quarter. California State Teachers Retirement System now owns 549,335 shares of the company's stock worth $16,442,000 after acquiring an additional 533,645 shares in the last quarter. Vanguard Group Inc. boosted its stake in Bowhead Specialty by 36.7% during the third quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company's stock worth $40,746,000 after acquiring an additional 404,199 shares in the last quarter. Finally, Gillson Capital LP acquired a new stake in Bowhead Specialty in the fourth quarter worth $11,317,000.

Bowhead Specialty Stock Down 0.0%

Shares of NYSE BOW opened at $33.58 on Friday. The company has a market capitalization of $1.11 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 0.99 and a beta of -0.11. Bowhead Specialty has a 52-week low of $21.21 and a 52-week high of $35.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49. The company's 50 day moving average price is $31.76 and its 200-day moving average price is $27.28.

Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. Bowhead Specialty had a net margin of 10.11% and a return on equity of 14.05%. The company had revenue of $163.86 million for the quarter, compared to analyst estimates of $278.69 million. Equities analysts forecast that Bowhead Specialty will post 2 earnings per share 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.

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