Bowhead Specialty (NYSE:BOW) Upgraded to “Moderate Buy” at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Bowhead Specialty (NYSE:BOW) to a moderate buy rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on BOW. JPMorgan Chase & Co. decreased their price target on Bowhead Specialty from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Morgan Stanley decreased their target price on Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, November 17th. JMP Securities lowered their target price on Bowhead Specialty from $43.00 to $40.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bowhead Specialty in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Bowhead Specialty in a report on Friday, August 8th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Bowhead Specialty Trading Down 0.7%

Shares of BOW stock opened at $27.85 on Monday. Bowhead Specialty has a 12 month low of $23.50 and a 12 month high of $42.29. The company has a market capitalization of $912.92 million, a P/E ratio of 17.85 and a beta of -0.93. The stock has a 50 day moving average of $26.21 and a two-hundred day moving average of $31.23.

Bowhead Specialty (NYSE:BOW) last issued its earnings results on Monday, August 26th. The company reported $0.27 earnings per share for the quarter. Bowhead Specialty had a net margin of 10.12% and a return on equity of 13.53%. The business had revenue of $65.45 million for the quarter. Sell-side analysts predict that Bowhead Specialty will post 1.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bowhead Specialty

A number of large investors have recently modified their holdings of the business. American Family Investments Inc. grew its stake in shares of Bowhead Specialty by 6.9% in the second quarter. American Family Investments Inc. now owns 5,023,778 shares of the company’s stock valued at $188,542,000 after buying an additional 323,017 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Bowhead Specialty by 54.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,525,285 shares of the company’s stock valued at $41,244,000 after acquiring an additional 536,817 shares during the period. Vanguard Group Inc. grew its position in shares of Bowhead Specialty by 36.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company’s stock valued at $40,746,000 after acquiring an additional 404,199 shares during the period. American Century Companies Inc. increased its stake in shares of Bowhead Specialty by 73.3% during the 3rd quarter. American Century Companies Inc. now owns 1,412,408 shares of the company’s stock worth $38,192,000 after purchasing an additional 597,191 shares during the last quarter. Finally, Polar Capital Holdings Plc raised its holdings in shares of Bowhead Specialty by 10.4% in the 3rd quarter. Polar Capital Holdings Plc now owns 689,935 shares of the company’s stock valued at $18,656,000 after purchasing an additional 64,935 shares during the period.

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.