Brokerages Set Bowhead Specialty Holdings Inc. (NYSE:BOW) Target Price at $32.00

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Four 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 $33.7143.

Several brokerages recently commented on BOW. Royal Bank Of Canada lifted their target price on shares of Bowhead Specialty from $30.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday. Keefe, Bruyette & Woods raised their price target on Bowhead Specialty from $34.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Citizens Jmp dropped their price objective on Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating on the stock in a research note on Monday, April 13th. UBS Group set a $28.00 price objective on Bowhead Specialty in a research report on Thursday, May 21st. Finally, Morgan Stanley increased their target price on Bowhead Specialty from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th.

Bowhead Specialty Stock Up 1.9%

Shares of Bowhead Specialty stock opened at $30.44 on Friday. Bowhead Specialty has a 12-month low of $21.21 and a 12-month high of $34.21. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $28.41 and a two-hundred day moving average price of $25.78. The stock has a market capitalization of $999.52 million, a P/E ratio of 17.59, a PEG ratio of 0.90 and a beta of -0.10.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BOW. Martingale Asset Management L P grew its stake in shares of Bowhead Specialty by 1.9% in the fourth quarter. Martingale Asset Management L P now owns 25,791 shares of the company’s stock worth $736,000 after acquiring an additional 484 shares during the last quarter. Invesco Ltd. boosted its holdings in 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 purchasing an additional 490 shares during the period. Royal Bank of Canada boosted its holdings in Bowhead Specialty by 45.5% in the 4th quarter. Royal Bank of Canada now owns 2,065 shares of the company’s stock valued at $59,000 after purchasing an additional 646 shares during the period. Jump Financial LLC grew its position in Bowhead Specialty by 6.6% in 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 during the last quarter. Finally, Versant Capital Management Inc grew its position in Bowhead Specialty by 262.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,037 shares of the company’s stock worth $31,000 after purchasing an additional 751 shares during the last quarter.

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.