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

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

Bowhead Specialty Stock Up 8.9 %

BOW stock opened at $34.27 on Tuesday. The firm’s 50-day simple moving average is $33.03 and its 200 day simple moving average is $31.80. Bowhead Specialty has a fifty-two week low of $22.14 and a fifty-two week high of $37.81.

Analyst Upgrades and Downgrades

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

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.