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

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

Bowhead Specialty Stock Performance

Shares of BOW stock traded up $1.32 during mid-day trading on Thursday, hitting $32.52. 357,826 shares of the stock traded hands, compared to its average volume of 185,517. The stock’s 50-day simple moving average is $29.50. Bowhead Specialty has a twelve month low of $22.14 and a twelve month high of $32.62.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased 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. Keefe, Bruyette & Woods boosted 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. JMP Securities lifted their target price on Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their price target on Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.40.

Insider Activity 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 dated 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 directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.