Bowhead Specialty Holdings Inc. (NYSE:BOW) Stock Has Average Target Price of $33.50

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $33.50.

BOW has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Bowhead Specialty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft cut shares of Bowhead Specialty from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a research report on Monday, August 3rd. Piper Sandler downgraded shares of Bowhead Specialty from an “overweight” rating to a “hold” rating and set a $34.00 target price on the stock. in a research note on Monday, August 3rd. Morgan Stanley increased their target price on Bowhead Specialty from $30.00 to $34.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Finally, Citigroup lowered Bowhead Specialty to a “market perform” rating in a report on Thursday, September 10th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Versant Capital Management Inc increased its holdings in shares of Bowhead Specialty by 262.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,037 shares of the company’s stock valued at $31,000 after purchasing an additional 751 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Bowhead Specialty in the second quarter worth approximately $35,000. Parallel Advisors LLC lifted its position in shares of Bowhead Specialty by 181.4% in the first quarter. Parallel Advisors LLC now owns 1,652 shares of the company’s stock worth $37,000 after purchasing an additional 1,065 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Bowhead Specialty by 144.3% in the third quarter. Nisa Investment Advisors LLC now owns 4,231 shares of the company’s stock worth $143,000 after purchasing an additional 2,499 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Bowhead Specialty during the first quarter worth approximately $158,000.

Bowhead Specialty Stock Performance

Shares of BOW opened at $34.03 on Friday. Bowhead Specialty has a one year low of $21.21 and a one year high of $35.07. The company has a 50-day moving average of $33.75 and a two-hundred day moving average of $29.97. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.01 and a beta of -0.07. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.49 and a quick ratio of 0.49.

Bowhead Specialty (NYSE:BOW) last released its earnings results on Monday, August 3rd. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Bowhead Specialty had a net margin of 10.11% and a return on equity of 14.05%. The business had revenue of $163.86 million for the quarter, compared to the consensus estimate of $278.69 million. On average, equities research analysts expect that Bowhead Specialty will post 2.00 earnings per share for the current 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.