Bowhead Specialty (BOW) Set to Announce Quarterly Earnings on Tuesday

Bowhead Specialty (NYSE:BOW - Get Free Report) will be announcing its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The firm had revenue of $98.90 million for the quarter, compared to the consensus estimate of $94.28 million. The company's quarterly revenue 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 Stock Performance

BOW traded up $0.08 during trading hours on Tuesday, hitting $30.05. The company's stock had a trading volume of 306,723 shares, compared to its average volume of 180,053. The firm has a 50-day moving average of $29.54. Bowhead Specialty has a 12 month low of $22.14 and a 12 month high of $32.55.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director Family Mutual Insuran American sold 1,362,285 shares of the business's stock in a transaction on Friday, October 25th. The stock was 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 owns 4,700,761 shares in the company, valued at $130,211,079.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.