Bowhead Specialty (NYSE:BOW) Announces Quarterly Earnings Results

Bowhead Specialty (NYSE:BOW) posted its quarterly earnings data on Tuesday. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03, Zacks reports. The company 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 Trading Up 0.7%

Shares of BOW stock opened at $34.19 on Tuesday. Bowhead Specialty has a twelve month low of $21.21 and a twelve month high of $35.24. The company has a market capitalization of $1.13 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.01 and a beta of -0.07. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $33.86 and its two-hundred day moving average is $28.58.

Analysts Set New Price Targets

BOW has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of Bowhead Specialty from $30.00 to $34.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Weiss Ratings upgraded Bowhead Specialty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft lowered Bowhead Specialty from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price target on Bowhead Specialty from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Finally, Citigroup cut Bowhead Specialty to a “market perform” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Bowhead Specialty has a consensus rating of “Hold” and an average target price of $33.50.

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.