Bowhead Specialty Holdings Inc. (NYSE:BOW) Stock Rated “Hold” by Sell-Side Analysts

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) have received a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $33.50.

A number of research firms have recently commented on BOW. Citigroup downgraded shares of Bowhead Specialty to a “market perform” rating in a report on Thursday, September 10th. Weiss Ratings raised shares of Bowhead Specialty from a “hold (c)” rating to a “hold (c+)” rating in a research report 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 target for the company. in a research note on Monday, August 3rd. Citizens Jmp reaffirmed a “market perform” rating on shares of Bowhead Specialty in a report on Thursday, September 10th. Finally, Royal Bank Of Canada lowered Bowhead Specialty from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $38.00 to $34.00 in a research note on Tuesday, August 4th.

Bowhead Specialty Price Performance

NYSE BOW opened at $34.09 on Friday. The stock has a 50-day simple moving average of $33.77 and a 200 day simple moving average of $30.14. Bowhead Specialty has a twelve month low of $21.21 and a twelve month high of $35.07. The stock has a market capitalization of $1.12 billion, a PE ratio of 17.94, a P/E/G ratio of 1.01 and a beta of -0.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49.

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. Bowhead Specialty had a return on equity of 14.05% and a net margin of 10.11%. The company had revenue of $163.86 million during the quarter, compared to analyst estimates of $278.69 million. Research analysts anticipate that Bowhead Specialty will post 2.00 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of Bowhead Specialty by 1,796.3% in the 1st quarter. Royal Bank of Canada now owns 39,159 shares of the company’s stock worth $878,000 after purchasing an additional 37,094 shares during the last quarter. Empowered Funds LLC bought a new position in Bowhead Specialty during the 1st quarter valued at about $1,438,000. Dimensional Fund Advisors LP boosted its position in Bowhead Specialty by 61.3% in the first quarter. Dimensional Fund Advisors LP now owns 256,645 shares of the company’s stock valued at $5,756,000 after buying an additional 97,494 shares in the last quarter. Steelhead Wealth Management LLC acquired a new position in Bowhead Specialty in the first quarter valued at about $2,143,000. Finally, American Family Investments Inc. bought a new stake in Bowhead Specialty during the second quarter worth about $140,693,777.

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.