Bowhead Specialty (NYSE:BOW) Trading Down 5.6% After Analyst Downgrade

Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Get Free Report) fell 5.6% during mid-day trading on Tuesday after Keefe, Bruyette & Woods lowered their price target on the stock from $38.00 to $36.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Bowhead Specialty traded as low as $26.55 and last traded at $26.4250. 86,362 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 155,131 shares. The stock had previously closed at $27.98.Get Bowhead Specialty alerts:3 Beaten Up Experiential Stocks to Cash in on a Good TimeSeveral other brokerages also recently weighed in on BOW. JPMorgan Chase & Co. reduced their target price on Bowhead Specialty from $39.00 to $33.00 and set a "neutral" rating on the stock in a research report on Thursday, October 9th. Piper Sandler raised their price target on shares of Bowhead Specialty from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Monday, December 22nd. Royal Bank Of Canada initiated coverage on Bowhead Specialty in a research report on Monday, November 24th. They set an "outperform" rating and a $33.00 price target for the company. JMP Securities cut their price objective on Bowhead Specialty from $43.00 to $40.00 and set a "market outperform" rating on the stock in a report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Bowhead Specialty in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Bowhead Specialty presently has a consensus rating of "Moderate Buy" and an average price target of $33.83.View Our Latest Stock Analysis on BOWHedge Funds Weigh In On Bowhead SpecialtyBowlero is Quietly Cornering The Bowling MarketA number of hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Bowhead Specialty during the third quarter worth $42,000. Raymond James Financial Inc. acquired a new position in Bowhead Specialty during the second quarter worth about $52,000. Tower Research Capital LLC TRC raised its holdings in Bowhead Specialty by 99.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,926 shares of the company's stock valued at $72,000 after acquiring an additional 958 shares during the last quarter. Quarry LP raised its holdings in Bowhead Specialty by 19,489.5% in the 3rd quarter. Quarry LP now owns 3,722 shares of the company's stock valued at $101,000 after acquiring an additional 3,703 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in Bowhead Specialty by 38.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,575 shares of the company's stock worth $134,000 after purchasing an additional 989 shares in the last quarter. Bowhead Specialty Price PerformanceThe stock's fifty day moving average is $27.06 and its 200-day moving average is $29.35. The stock has a market cap of $866.62 million, a PE ratio of 16.95 and a beta of -1.06. Bowhead Specialty (NYSE:BOW - Get Free Report) last released its quarterly earnings results on Monday, August 26th. The company reported $0.27 earnings per share for the quarter. Bowhead Specialty had a return on equity of 13.53% and a net margin of 10.12%.The business had revenue of $65.45 million during the quarter. On average, sell-side analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal year. About Bowhead Specialty (Get Free Report)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.Read MoreFive stocks we like better than Bowhead SpecialtyA month before the crashRefund From 1933: Trump’s Reset May Create Instant WealthBNZI: BNZI Surges Ahead as AI Marketing Fuels Record RevenueEric Sprott’s Latest Bet in SilverA U.S. “birthright” claim worth trillions - activated quietlyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Bowhead Specialty Right Now?Before you consider Bowhead Specialty, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bowhead Specialty wasn't on the list.While Bowhead Specialty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here