Bowhead Specialty (NYSE:BOW) Updates Q3 Earnings Guidance

Bowhead Specialty (NYSE:BOW - Get Free Report) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.36-0.39 for the period, compared to the consensus estimate of $0.32.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BOW shares. Royal Bank of Canada restated an "outperform" rating and set a $32.00 price target on shares of Bowhead Specialty in a research note on Wednesday, August 7th. JMP Securities raised their price target 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $29.40.

Bowhead Specialty Stock Down 4.6 %

NYSE BOW traded down $1.41 during trading on Tuesday, reaching $29.15. The company's stock had a trading volume of 273,050 shares, compared to its average volume of 155,711. The stock has a fifty day moving average of $29.35. Bowhead Specialty has a one year low of $22.14 and a one year high of $32.55.

Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $98.90 million for the quarter, compared to analysts' expectations of $94.28 million. The business's quarterly revenue was up 51.0% on a year-over-year basis. As a group, research analysts anticipate that Bowhead Specialty will post 1.3 EPS for the current fiscal year.

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.