Bowhead Specialty (NYSE:BOW) Issues Earnings Results

Bowhead Specialty (NYSE:BOW) issued its quarterly earnings data on Tuesday. The company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38, Briefing.com reports. The firm had revenue of $116.76 million during the quarter, compared to analyst estimates of $113.00 million.

Bowhead Specialty Stock Up 4.2 %

Bowhead Specialty stock 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 company has a 50-day moving average price of $29.50.

Insider Buying and Selling at Bowhead Specialty

In other Bowhead Specialty news, Director Family Mutual Insuran American sold 1,362,285 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $27.70, for a total value of $37,735,294.50. Following the completion of the transaction, the director now directly owns 4,700,761 shares in the company, valued at approximately $130,211,079.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

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

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.