Bowhead Specialty Holdings Inc. (NYSE:BOW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $35.00.

Several equities research analysts have issued reports on BOW shares. Royal Bank Of Canada initiated coverage on Bowhead Specialty in a research note on Monday, November 24th. They set an “outperform” rating and a $33.00 target price for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bowhead Specialty in a report on Monday, December 15th. JMP Securities reduced their price objective on shares of Bowhead Specialty from $43.00 to $40.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 14th. Morgan Stanley decreased their target price on shares of Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Monday, November 17th. Finally, Piper Sandler dropped their price target on shares of Bowhead Specialty from $38.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd.

Institutional Trading of Bowhead Specialty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of Bowhead Specialty by 33.4% during the first quarter. Goldman Sachs Group Inc. now owns 121,705 shares of the company’s stock worth $4,947,000 after buying an additional 30,440 shares during the period. Deutsche Bank AG lifted its stake in Bowhead Specialty by 131.1% during the 1st quarter. Deutsche Bank AG now owns 15,158 shares of the company’s stock worth $616,000 after acquiring an additional 8,598 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Bowhead Specialty by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 752,320 shares of the company’s stock valued at $30,582,000 after acquiring an additional 105,138 shares during the period. Strs Ohio acquired a new position in Bowhead Specialty in the 1st quarter valued at about $614,000. Finally, PDT Partners LLC increased its stake in Bowhead Specialty by 47.2% during the first quarter. PDT Partners LLC now owns 26,627 shares of the company’s stock worth $1,082,000 after purchasing an additional 8,541 shares during the period.

Bowhead Specialty Price Performance

Shares of BOW stock opened at $28.09 on Monday. The company has a market capitalization of $920.87 million, a PE ratio of 18.01 and a beta of -1.06. The firm’s 50-day moving average is $26.40 and its two-hundred day moving average is $29.93. Bowhead Specialty has a 12 month low of $23.50 and a 12 month high of $42.29.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $65.45 million during the quarter. Bowhead Specialty had a net margin of 10.12% and a return on equity of 13.53%. Sell-side analysts forecast that Bowhead Specialty will post 1.36 EPS 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.