Bowhead Specialty (NYSE:BOW) Trading at $33.98

Bowhead Specialty Holdings Inc. (NYSE:BOW)’s share price traded down 0% during trading on Wednesday. The company traded as low as $33.97 and last traded at $33.9850. 168,707 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 264,792 shares. The stock had previously closed at $34.00.

Analysts Set New Price Targets

Several brokerages have weighed in on BOW. Citigroup downgraded Bowhead Specialty to a “market perform” rating in a report on Thursday, September 10th. Piper Sandler lowered Bowhead Specialty from an “overweight” rating to a “hold” rating and set a $34.00 price target on the stock. in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Bowhead Specialty from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 19th. Morgan Stanley increased their price objective on shares of Bowhead Specialty from $30.00 to $34.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Bowhead Specialty from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $33.50.

Bowhead Specialty Stock Performance

The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $33.71 and a 200-day moving average of $29.73. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.00 and a beta of -0.07.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The company 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 predict that Bowhead Specialty Holdings Inc. will post 2.00 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BOW. Versant Capital Management Inc lifted its holdings in 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 in the last quarter. Parallel Advisors LLC boosted its stake in Bowhead Specialty by 181.4% during the 1st quarter. Parallel Advisors LLC now owns 1,652 shares of the company’s stock worth $37,000 after purchasing an additional 1,065 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Bowhead Specialty during the second quarter worth $35,000. Sei Investments Co. grew its holdings in shares of Bowhead Specialty by 22.6% during the first quarter. Sei Investments Co. now owns 17,088 shares of the company’s stock worth $383,000 after buying an additional 3,149 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Bowhead Specialty by 61.4% in the fourth quarter. Hsbc Holdings PLC now owns 12,736 shares of the company’s stock valued at $362,000 after buying an additional 4,844 shares during the last quarter.

About Bowhead Specialty

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.