Bowhead Specialty (NYSE:BOW) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Bowhead Specialty (NYSE:BOW) announced its quarterly earnings results on Tuesday. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03, Zacks reports. Bowhead Specialty had a net margin of 9.32% and a return on equity of 14.38%. The company had revenue of $171.77 million for the quarter, compared to analysts’ expectations of $278.64 million.

Bowhead Specialty Stock Performance

Bowhead Specialty stock traded up $0.02 during midday trading on Thursday, reaching $34.12. 245,783 shares of the company traded hands, compared to its average volume of 247,174. Bowhead Specialty has a 12 month low of $21.21 and a 12 month high of $35.07. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.49 and a quick ratio of 0.49. The business has a 50 day moving average of $33.88 and a two-hundred day moving average of $28.67. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.01 and a beta of -0.06.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BOW. JPMorgan Chase & Co. lifted 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. Morgan Stanley boosted their price target on Bowhead Specialty from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Citigroup downgraded Bowhead Specialty to a “market perform” rating in a report on Thursday, September 10th. Weiss Ratings raised Bowhead Specialty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Citizens Jmp downgraded Bowhead Specialty from an “outperform” rating to a “market perform” rating in a report on Thursday, September 10th. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.50.

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.