Bowhead Specialty (BOW) to Release Quarterly Earnings on Tuesday

Bowhead Specialty (NYSE:BOW) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Bowhead Specialty to post earnings of $0.34 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $98.90 million during the quarter, compared to analysts’ expectations of $94.28 million. The firm’s revenue for the quarter was up 51.0% on a year-over-year basis. On average, analysts expect Bowhead Specialty to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Bowhead Specialty Price Performance

Shares of Bowhead Specialty stock opened at $29.38 on Friday. Bowhead Specialty has a 52-week low of $22.14 and a 52-week high of $32.55. The firm has a fifty day simple moving average of $29.49.

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 on 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 in the company, valued at approximately $130,211,079.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of Bowhead Specialty in a research note on Tuesday, October 29th. JMP Securities upped their price target on shares of Bowhead Specialty from $31.00 to $32.00 and gave the company a “market outperform” rating in a report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Bowhead Specialty from $30.00 to $33.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.00.

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.