Bowhead Specialty (NYSE:BOW) Issues Quarterly Earnings Results

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

Bowhead Specialty Trading Down 1.5 %

NYSE:BOW opened at $33.12 on Thursday. The firm’s fifty day moving average price is $32.99 and its 200 day moving average price is $31.85. Bowhead Specialty has a 1-year low of $22.14 and a 1-year high of $37.81.

Wall Street Analysts Forecast Growth

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

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.