Bowhead Specialty Holdings Inc.

Description

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. The company distributes its products through distribution partners in wholesale and retail markets. Bowhead Specialty Holdings Inc. was formerly known as Bowhead Holdings Inc. and changed its name to Bowhead Specialty Holdings Inc. in March 2024. The company was founded in 2020 and is based in New York, New York.

About

CEO
Mr. Stephen Jay Sills
Employees
193
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance - Property & Casualty
MIC code
XNYS
Address
1411 Broadway, New York, NY 10018, United States
Phone
212 970 0269
Website
Chart Image
× Enlarged Chart
Oscillators
No data available
Summary
No data available
Moving Averages
No data available

Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 5, 2024 0.37 0.38 0.01 2.70%
Aug 9, 2024 0.25 0.28 0.03 12.00%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 4 5
Average estimate 0.35 1.62
Low estimate 0.34 1.55
High estimate 0.36 1.65
Last year EPS 1.32
[stock_revenue_estimate]

Growth estimates

Current qtr
Next qtr. (Mar 2025)
Current year
Next year (Dec 2025)
23.310%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 10, 2025
Keefe, Bruyette & Woods
Meyer Sheilds
Maintains Market Perform ▲ Raises $36 → $44
Dec 4, 2024
Keefe, Bruyette & Woods
Meyer Sheilds
Maintains Market Perform ▲ Raises $35 → $36
Nov 7, 2024
JP Morgan
Pablo Zuanic
Maintains Neutral ▲ Raises $26 → $30
Nov 6, 2024
JMP Securities
Matthew Carletti
Maintains Market Outperform ▲ Raises $32 → $33
Nov 6, 2024
RBC Capital
Scott Heleniak
Maintains Outperform ▲ Raises $32 → $35
Oct 29, 2024
Keefe, Bruyette & Woods
Meyer Sheilds
Maintains Market Perform ▲ Raises $30 → $33
Oct 29, 2024
RBC Capital
Scott Heleniak
Reiterates Outperform Maintains $32
Oct 15, 2024
JMP Securities
Matthew Carletti
Maintains Market Outperform ▲ Raises $31 → $32
Aug 7, 2024
RBC Capital
Scott Heleniak
Reiterates Outperform Maintains $32
Jun 17, 2024
Keefe, Bruyette & Woods
Meyer Sheilds
Initiates Market Perform Announces $30
Jun 17, 2024
JMP Securities
Matthew Carletti
Initiates Market Outperform Announces $31
Jun 17, 2024
JP Morgan
Pablo Zuanic
Initiates Neutral Announces $27
Jun 17, 2024
Morgan Stanley
Bob Huang
Initiates Equal-Weight Announces $26
Jun 17, 2024
RBC Capital
Scott Heleniak
Reiterates Outperform Maintains $32

Income statement

2023
Fiscal date 2023-12-31
Total reported revenue 283.42M
Cost of revenue
Gross profit
Operating expense
Research & development
Selling general and admin
Other operating expenses 64.09M
Operating income
Non operating interest income
Income
Expense
Other income expense 125,000
Pretax income 32.12M
Tax provision 7.07M
Net income 25.05M
Basic EPS 0.79
Diluted EPS 0.79
Basic average shares 31.53M
Diluted average shares 31.53M
EBITDA
Net income from continuing op. 25.05M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022
Fiscal date 2023-12-31 2022-12-31
Total assets
Current assets
Cash
Cash equivalents
Cash and cash equivalents 118.07M 64.66M
Other short term investments 563.45M 282.92M
Accounts receivable 38.82M 29.49M
Other receivables
Inventory
Prepaid assets
Restricted cash
Assets held for sale
Hedging assets
Other current assets
Non current assets
Properties
Land and improvements
Machinery furniture equipment
Construction in progress
Leases
Accumulated depreciation
Goodwill
Investment properties
Financial assets
Intangible assets
Investments and advances 563.45M 282.92M
Other non current assets
Total liabilities
Current liabilities
Accounts payable 40.44M 23.69M
Accrued expenses 14.90M 12.03M
Short term debt
Deferred revenue
Tax payable 42,000 1.52M
Pensions
Other current liabilities
Non current liabilities
Long term debt
Provision for risks and charges
Deferred liabilities
Derivative product liabilities
Other non current liabilities
Shareholders equity
Common stock
Retained earnings 24.67M -381,000
Other shareholders equity -11.37M -16.69M
Total shareholders equity 192.08M 83.37M
Additional paid in capital 178.78M 100.44M
Treasury stock
Minority interest

Cash flow statement

2023
Operating Activities
Net Income25.05M
Depreciation
Deferred Taxes-4.36M
Stock-Based Compensation683,000
Other Non-Cash Items577,000
Accounts Receivable-86.30M
Accounts Payable16.75M
Other Assets & Liabilities-8.47M
Operating Cash Flow-56.07M
Investing Activities
Capital Expenditures-3.82M
Net Intangibles
Net Acquisitions
Purchase of Investments-367.25M
Sale of Investments96.30M
Investing Cash Flow-274.77M
Financing Activities
Long-Term Debt Issuance
Long-Term Debt Payments
Other Financing Charges77.66M
Financing Cash Flow155.31M
Other Cash Details
End Cash Position119.77M
Income Tax Paid
Interest Paid
Free Cash Flow232.41M
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Bowhead Specialty to Announce Fourth Quarter 2024 Earnings on February 25, 2025; Also Announces Participation in Upcoming Investor Conferences Article
Bowhead Specialty to Announce Fourth Quarter 2024 Earnings on February 25, 2025; Also Announces Participation in Upcoming Investor Conferences
NEW YORK--(BUSINESS WIRE)--Bowhead Specialty Holdings Inc. (the “Company”, “Bowhead Specialty”) (NYSE: BOW) announced today that it will release financial results for the fourth quarter of 2024 at approximately 7:00 a.m. Eastern Time before the market opens on Tuesday, February 25, 2025. The earnings documents will be available on the company's Investor Relations website at https://ir.bowheadspecialty.com. The Company will host a conference call to discuss its results on the same day, Tuesday,.
Business Wire Neutral
Feb 4, 2025
IPO Stock Of The Week: Insurance Leader Bowhead Tests Critical Support Level Article
IPO Stock Of The Week: Insurance Leader Bowhead Tests Critical Support Level
IPO Stock Of The Week, specialty insurer Bowhead, is testing a critical support level on the stock market today. The post IPO Stock Of The Week: Insurance Leader Bowhead Tests Critical Support Level appeared first on Investor's Business Daily.
Investors Business Daily Neutral
Jan 3, 2025
New Strong Buy Stocks for December 17th Article
New Strong Buy Stocks for December 17th
YPF, SUPV, NJR, BOW and CLS have been added to the Zacks Rank #1 (Strong Buy) List on December 17, 2024.
Zacks Investment Research Positive
Dec 17, 2024
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