Bowhead Specialty (NYSE:BOW) Issues Earnings Results

Bowhead Specialty (NYSE:BOW) posted its earnings results on Tuesday. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03, Zacks reports. The firm had revenue of $171.77 million during the quarter, compared to the consensus estimate of $278.64 million. Bowhead Specialty had a net margin of 10.11% and a return on equity of 14.05%.

Bowhead Specialty Price Performance

Shares of BOW traded up $0.21 during midday trading on Tuesday, hitting $34.16. 37,832 shares of the company traded hands, compared to its average volume of 245,278. Bowhead Specialty has a one year low of $21.21 and a one year high of $35.07. The firm has a market cap of $1.13 billion, a P/E ratio of 18.47, 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. The stock has a 50-day moving average of $33.86 and a 200-day moving average of $28.58.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Bowhead Specialty from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Morgan Stanley lifted 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 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 target price on the stock. in a report on Monday, August 3rd. Weiss Ratings upgraded Bowhead Specialty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada lowered Bowhead Specialty from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $38.00 to $34.00 in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.50.

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.