Bowhead Specialty (NYSE:BOW) Posts Earnings Results, Meets Estimates

Bowhead Specialty (NYSE:BOW) announced its earnings results on Tuesday. The company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38, Briefing.com reports. The business had revenue of $116.76 million for the quarter, compared to the consensus estimate of $113.00 million.

Bowhead Specialty Stock Performance

NYSE BOW opened at $32.52 on Friday. Bowhead Specialty has a 12 month low of $22.14 and a 12 month high of $32.62. The business has a fifty day moving average of $29.50.

Wall Street Analysts Forecast Growth

BOW has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their target price on Bowhead Specialty from $30.00 to $33.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Royal Bank of Canada upped their target price on Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on Bowhead Specialty from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, JMP Securities upped their target price on shares of Bowhead Specialty from $32.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bowhead Specialty has an average rating of “Hold” and a consensus price target of $31.40.

Insider Transactions at Bowhead Specialty

In other news, Director Family Mutual Insuran American sold 1,362,285 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $27.70, for a total value of $37,735,294.50. Following the transaction, the director now owns 4,700,761 shares in the company, valued at approximately $130,211,079.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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.