Bowhead Specialty (BOW) to Release Quarterly Earnings on Tuesday

Bowhead Specialty (NYSE:BOW) is set 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 interested in participating in the company’s earnings conference call can do so using this link.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $98.90 million during the quarter, compared to the consensus estimate of $94.28 million. The company’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. The stock has a 50-day simple moving average of $29.49. Bowhead Specialty has a 1 year low of $22.14 and a 1 year high of $32.55.

Analyst Upgrades and Downgrades

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

Insider Activity at Bowhead Specialty

In other news, Director Family Mutual Insuran American sold 1,362,285 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 4,700,761 shares of the company’s stock, valued at $130,211,079.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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.