Bowhead Specialty (BOW) Scheduled to Post Quarterly Earnings on Tuesday

Bowhead Specialty (NYSE:BOW) will be releasing its earnings data before the market opens on Tuesday, November 5th. Analysts expect Bowhead Specialty to post earnings of $0.34 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $98.90 million for the quarter, compared to analysts’ expectations of $94.28 million. The business’s revenue for the quarter was up 51.0% compared to the same quarter last year. 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 Trading Up 0.9 %

BOW opened at $29.38 on Monday. The business has a 50-day moving average of $29.49. Bowhead Specialty has a 12 month low of $22.14 and a 12 month high of $32.55.

Analyst Upgrades and Downgrades

BOW has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $32.00 price target on shares of Bowhead Specialty in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their target price on Bowhead Specialty from $30.00 to $33.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Finally, JMP Securities raised their target price on Bowhead Specialty from $31.00 to $32.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.00.

Insider Buying and Selling

In other news, Director Family Mutual Insuran American sold 1,362,285 shares of Bowhead Specialty stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $27.70, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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.