Bowhead Specialty Holdings Inc. (NYSE:BOW) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have received an average rating of “Hold” from the ten research firms that are presently covering the stock, 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 1-year price target among brokers that have issued ratings on the stock in the last year is $33.50.

Several equities research analysts have recently commented on the company. Piper Sandler downgraded Bowhead Specialty from an “overweight” rating to a “hold” rating and set a $34.00 price objective for the company. in a report on Monday, August 3rd. Keefe, Bruyette & Woods boosted their target price 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. JPMorgan Chase & Co. boosted their target price on shares of Bowhead Specialty from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Royal Bank Of Canada lowered shares of Bowhead Specialty from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $38.00 to $34.00 in a research report on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of Bowhead Specialty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th.

Institutional Investors Weigh In On Bowhead Specialty

A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in Bowhead Specialty by 1,796.3% during the first quarter. Royal Bank of Canada now owns 39,159 shares of the company’s stock worth $878,000 after purchasing an additional 37,094 shares during the period. Empowered Funds LLC acquired a new position in Bowhead Specialty during the first quarter worth approximately $1,438,000. Dimensional Fund Advisors LP increased its position in Bowhead Specialty by 61.3% during the first quarter. Dimensional Fund Advisors LP now owns 256,645 shares of the company’s stock worth $5,756,000 after buying an additional 97,494 shares during the last quarter. Steelhead Wealth Management LLC acquired a new position in Bowhead Specialty during the first quarter worth approximately $2,143,000. Finally, American Family Investments Inc. bought a new stake in Bowhead Specialty in the second quarter valued at approximately $140,693,777.

Bowhead Specialty Stock Performance

BOW opened at $34.05 on Friday. Bowhead Specialty has a 52-week low of $21.21 and a 52-week high of $35.07. The firm has a market capitalization of $1.12 billion, a PE ratio of 18.40, a PEG ratio of 1.01 and a beta of -0.07. 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 business’s 50-day simple moving average is $33.78 and its 200 day simple moving average is $30.17.

Bowhead Specialty (NYSE:BOW) last issued 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. The firm had revenue of $163.86 million during the quarter, compared to analysts’ expectations of $278.69 million. Bowhead Specialty had a return on equity of 14.05% and a net margin of 10.11%. As a group, sell-side analysts expect that Bowhead Specialty will post 2.00 earnings per share for the current fiscal year.

Bowhead Specialty Company Profile

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.