Bowhead Specialty Holdings Inc. (NYSE:BOW) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts have a consensus “Hold” rating on Bowhead Specialty: eight of 10 rate it Hold and two rate it Buy. The average 12-month price target is $33.50.
• The company reported quarterly EPS of $0.54, beating the $0.51 estimate, while revenue of $171.77 million fell short of the $278.64 million consensus.
• Shares opened at $34.16, near the 52-week high of $35.07; recent analyst actions included downgrades and price-target cuts, alongside some target increases.

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Get Free Report) have been assigned a consensus rating of "Hold" from the ten analysts that are presently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $33.50.

Several analysts have recently issued reports on BOW shares. Citigroup lowered shares of Bowhead Specialty to a "market perform" rating in a research report on Thursday, September 10th. Royal Bank Of Canada downgraded shares of Bowhead Specialty from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $38.00 to $34.00 in a report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price objective 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. Citizens Jmp cut shares of Bowhead Specialty from an "outperform" rating to a "market perform" rating in a report on Thursday, September 10th. Finally, Weiss Ratings raised shares of Bowhead Specialty from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, November 3rd.

Bowhead Specialty Trading Down 0.5%

Shares of Bowhead Specialty stock opened at $34.16 on Thursday. Bowhead Specialty has a 52-week low of $21.21 and a 52-week high of $35.07. The stock's 50-day simple moving average is $33.94 and its 200 day simple moving average is $28.91. The stock has a market capitalization of $1.13 billion, a P/E ratio of 19.19, a P/E/G ratio of 1.01 and a beta of -0.06. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.50 and a current ratio of 0.50.

Bowhead Specialty (NYSE:BOW - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The business had revenue of $171.77 million for the quarter, compared to the consensus estimate of $278.64 million. Bowhead Specialty had a net margin of 9.32% and a return on equity of 14.45%. As a group, research analysts anticipate that Bowhead Specialty will post 2.02 EPS for the current year.

Hedge Funds Weigh In On Bowhead Specialty

Hedge funds have recently made changes to their positions in the stock. Knights of Columbus Asset Advisors LLC raised its stake in shares of Bowhead Specialty by 0.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 108,012 shares of the company's stock valued at $3,648,000 after purchasing an additional 503 shares during the period. Versant Capital Management Inc boosted its stake in Bowhead Specialty by 262.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,037 shares of the company's stock worth $31,000 after purchasing an additional 751 shares during the period. Allworth Financial LP boosted its stake in Bowhead Specialty by 160.4% in the 3rd quarter. Allworth Financial LP now owns 1,570 shares of the company's stock worth $53,000 after purchasing an additional 967 shares during the period. Parallel Advisors LLC boosted its stake in Bowhead Specialty by 181.4% in the 1st quarter. Parallel Advisors LLC now owns 1,652 shares of the company's stock worth $37,000 after purchasing an additional 1,065 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in Bowhead Specialty in the 2nd quarter worth about $35,000.

About Bowhead Specialty

Bowhead Specialty Holdings Inc. is a U.S. specialty property and casualty insurance company. Through its insurance subsidiaries, it provides coverage in areas including casualty, professional liability, healthcare and management liability. The company serves businesses and other organizations across the United States, focusing on risks that may require specialized underwriting. Bowhead began operating in 2023 and is headquartered in New York.

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