Bowhead Specialty (NYSE:BOW) Issues Earnings Results

Bowhead Specialty (NYSE:BOW) released its earnings results on Tuesday. The company reported $0.38 earnings per share (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 analysts’ expectations of $113.00 million.

Bowhead Specialty Price Performance

NYSE:BOW traded up $0.16 on Thursday, reaching $31.36. The stock had a trading volume of 9,177 shares, compared to its average volume of 182,512. The stock’s 50-day moving average price is $29.47. Bowhead Specialty has a 12-month low of $22.14 and a 12-month high of $32.55.

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 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 transaction, the director now directly owns 4,700,761 shares of the company’s stock, valued at $130,211,079.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Analyst Upgrades and Downgrades

BOW has been the topic of several recent analyst reports. JMP Securities increased their price objective on shares of Bowhead Specialty from $32.00 to $33.00 and gave the stock a “market outperform” rating in a report on Wednesday. Keefe, Bruyette & Woods increased their price objective on shares of Bowhead Specialty from $30.00 to $33.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada increased their price objective on shares of Bowhead Specialty from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.80.

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.