From Financial Modeling Prep: 2024-10-28 16:00:09

Bowhead Specialty Holdings Inc. (NYSE: BOW) receives a $33 price target from JMP Securities, with a potential upside of 10.92%. The company projects a 27-34% increase in gross written premiums, with net income expected to range $11.5-12.5 million and a return on equity of 13.0-14.0%. Stock currently trading at $29.75.

Analyst Matthew Carletti from JMP Securities sets a $33 price target for Bowhead Specialty Holdings Inc. (NYSE: BOW) on October 28, 2024. This suggests a potential upside of 10.92% from the stock’s trading price of $29.75. The company anticipates a substantial growth in gross written premiums by 27-34% year over year, indicating strong demand for its tailored insurance solutions.

Bowhead Specialty Holdings Inc. (NYSE: BOW) projects net income between $11.5-12.5 million, with an expected return on equity of 13.0-14.0%. Adjusted net income is predicted to be higher at $12-13 million. The company’s focus on efficient profit generation is evident in these figures, showcasing its financial stability and performance in the market.



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