Bowhead Specialty Holdings Inc. (NYSE:BOW) Stock Now Rated “Hold” by Wall Street Analysts

Bowhead Specialty Holdings Inc. (NYSE:BOW) has received an average rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $33.50.

Several analysts have recently weighed in on BOW shares. Piper Sandler cut shares of Bowhead Specialty from an “overweight” rating to a “hold” rating and set a $34.00 price target for the company. in a research note on Monday, August 3rd. Keefe, Bruyette & Woods lifted their price target on shares of Bowhead Specialty from $34.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Morgan Stanley upped their price objective on Bowhead Specialty from $30.00 to $34.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Citizens Jmp reissued a “market perform” rating on shares of Bowhead Specialty in a research note on Thursday, September 10th. Finally, Citigroup cut Bowhead Specialty to a “market perform” rating in a research note on Thursday, September 10th.

Bowhead Specialty Trading Down 0.1%

Shares of BOW stock opened at $33.77 on Wednesday. The company’s 50-day moving average price is $33.18 and its 200-day moving average price is $28.74. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.00 and a beta of -0.08. Bowhead Specialty has a twelve month low of $21.21 and a twelve month high of $35.07.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.48 earnings per share (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 firm had revenue of $163.86 million during the quarter, compared to analyst estimates of $278.69 million. As a group, equities analysts predict that Bowhead Specialty will post 2 earnings per share for the current year.

Institutional Trading of Bowhead Specialty

Hedge funds and other institutional investors have recently modified their holdings of the business. American Family Investments Inc. acquired a new position in Bowhead Specialty in the second quarter valued at about $140,693,777. Wasatch Advisors LP raised its stake in shares of Bowhead Specialty by 28.9% in the 2nd quarter. Wasatch Advisors LP now owns 348,437 shares of the company’s stock valued at $10,429,000 after acquiring an additional 78,209 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Bowhead Specialty by 61.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 256,645 shares of the company’s stock worth $5,756,000 after acquiring an additional 97,494 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Bowhead Specialty by 374.0% during the 1st quarter. First Trust Advisors LP now owns 172,305 shares of the company’s stock worth $3,865,000 after purchasing an additional 135,954 shares during the period. Finally, Steelhead Wealth Management LLC purchased a new position in shares of Bowhead Specialty during the 1st quarter worth approximately $2,143,000.

Bowhead Specialty Company Profile

Bowhead Specialty Holdings Inc is a specialty insurance company that provides coverage in the excess and surplus (E&S) and specialty admitted insurance markets. Through its insurance operations, the company focuses on risks that may require specialized underwriting expertise or customized policy terms beyond those typically available through standard commercial insurance.

Its offerings include commercial casualty, professional liability, healthcare liability and other specialty commercial insurance products.