Bowhead Specialty (NYSE:BOW) Releases Earnings Results

Bowhead Specialty (NYSE:BOW) released its quarterly earnings results on Tuesday. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07, Zacks reports. The business had revenue of $184.77 million during the quarter, compared to analyst estimates of $102.12 million.

Bowhead Specialty Stock Performance

Shares of Bowhead Specialty stock opened at $33.12 on Thursday. The stock’s 50 day simple moving average is $32.99 and its 200-day simple moving average is $31.85. Bowhead Specialty has a 1-year low of $22.14 and a 1-year high of $37.81.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BOW. JPMorgan Chase & Co. increased their target price on Bowhead Specialty from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. JMP Securities increased their price objective on shares of Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their target price on shares of Bowhead Specialty from $36.00 to $44.00 and gave the company a “market perform” rating in a research report on Friday, January 10th. Finally, Royal Bank of Canada upped their price target on shares of Bowhead Specialty from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.60.

About Bowhead Specialty

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.