Bowhead Specialty (NYSE:BOW) Issues Earnings Results, Hits Expectations

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

Bowhead Specialty Price Performance

NYSE BOW traded up $0.84 during trading hours on Friday, hitting $33.33. The company’s stock had a trading volume of 92,544 shares, compared to its average volume of 184,723. The stock has a fifty day moving average of $29.50. Bowhead Specialty has a twelve month low of $22.14 and a twelve month high of $33.85.

Analysts Set New Price Targets

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

Insider Buying and Selling at Bowhead Specialty

In other Bowhead Specialty 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 completion of the sale, the director now owns 4,700,761 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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.