Brokerages Set Bowhead Specialty Holdings Inc. (NYSE:BOW) PT at $31.43

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $31.4286.

BOW has been the topic of a number of recent research reports. Piper Sandler raised their price target on shares of Bowhead Specialty from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Citizens Jmp cut their price objective on shares of Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating on the stock in a research report on Monday, April 13th. Morgan Stanley lifted their price objective on shares of Bowhead Specialty from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods boosted their price target on shares of Bowhead Specialty from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th.

Bowhead Specialty Stock Up 0.0%

Shares of BOW opened at $27.29 on Monday. The firm has a market cap of $896.27 million, a PE ratio of 15.78, a price-to-earnings-growth ratio of 0.82 and a beta of -0.01. The company’s fifty day moving average is $26.06 and its two-hundred day moving average is $25.39. Bowhead Specialty has a fifty-two week low of $21.21 and a fifty-two week high of $37.98. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.32.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Bowhead Specialty had a net margin of 9.99% and a return on equity of 13.80%. The company had revenue of $155.69 million for the quarter, compared to analyst estimates of $211.74 million. Analysts forecast that Bowhead Specialty will post 1.97 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Martingale Asset Management L P increased its stake in shares of Bowhead Specialty by 1.9% in the 4th quarter. Martingale Asset Management L P now owns 25,791 shares of the company’s stock valued at $736,000 after acquiring an additional 484 shares during the last quarter. Invesco Ltd. increased its stake in shares of Bowhead Specialty by 3.5% in the 4th quarter. Invesco Ltd. now owns 14,484 shares of the company’s stock valued at $413,000 after acquiring an additional 490 shares during the last quarter. Royal Bank of Canada increased its stake in Bowhead Specialty by 45.5% during the 4th quarter. Royal Bank of Canada now owns 2,065 shares of the company’s stock worth $59,000 after purchasing an additional 646 shares in the last quarter. Jump Financial LLC increased its stake in Bowhead Specialty by 6.6% during the 4th quarter. Jump Financial LLC now owns 10,860 shares of the company’s stock worth $310,000 after purchasing an additional 673 shares in the last quarter. Finally, Langdon Equity Partners bought a new stake in Bowhead Specialty during the 4th quarter worth approximately $28,000.

About Bowhead Specialty

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.