Bowhead Specialty (NYSE:BOW) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Bowhead Specialty (NYSE:BOW) released its quarterly earnings data on Tuesday. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07, Zacks reports.

Bowhead Specialty Price Performance

NYSE:BOW opened at $31.59 on Tuesday. The company’s 50 day moving average is $33.03 and its two-hundred day moving average is $31.80. Bowhead Specialty has a twelve month low of $22.14 and a twelve month high of $37.81.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BOW shares. Royal Bank of Canada lifted their price target on Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods increased their price target on shares of Bowhead Specialty from $36.00 to $44.00 and gave the company a “market perform” rating in a research report on Friday, January 10th. Finally, JMP Securities lifted their price objective on shares of Bowhead Specialty from $32.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $33.60.

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.