Bowhead Specialty Holdings Inc.

Bowhead Specialty Holdings Inc.

BOW · NYSE · Financial Services / Insurance - Property & Casualty

34.13USD+0.10 (+0.29%)

Price History

Full chart

Market Stats

Previous Close34.03
Open34.24
Day Range34.09 – 34.24
52-Week Range21.21 – 35.07
Volume165.94K
Market Cap1.11B
P/E (TTM)18.25
Forward P/E13.81
EPS1.85
Dividend Yield0.00%
Beta-0.08
50-Day Avg32.93
200-Day Avg27.65

About

Bowhead Specialty Holdings Inc. provides commercial 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, including directors and officers liability, errors and omissions liability, employment practices liability, fiduciary liability, fidelity liability and miscellaneous professional liability, crime insurance, and cyber for financial institutions; and healthcare solutions for hospitals, senior care providers, managed care organizations, miscellaneous medical facilities, and management liability segments. In addition, it offers Baleen Specialty, a technology-powered underwriting operation, that specializes in small to mid-sized risks that are not eligible in the admitted market. It distributes its products through distribution partners in wholesale and retail markets. The company 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.

Company Details

  • SectorFinancial Services
  • IndustryInsurance - Property & Casualty
  • CEOMr. Stephen Jay Sills
  • Employees296
  • Headquarters452 Fifth Avenue, New York, NY, United States, 10018, USA
  • Websitehttps://bowheadspecialty.com

Leadership

  • Mr. Stephen Jay SillsFounder, President, CEO & Director · b. 1948
  • Mr. Brad Michael MulcaheyCFO & Treasurer · b. 1978
  • Mr. David John NewmanChief Underwriting Officer · b. 1955
  • Steven FeltnerChief Operating Officer
  • Ms. Shek Li YapChief Accounting Officer & Head of IR
  • Mr. Bob Spina Ph.D.Chief Information Officer
  • Mr. H. Matthew CruseyGeneral Counsel & Secretary
  • Anna RomanoHead of Marketing
  • Mr. Joshua HymanHead of Human Resources
  • Brandon MezickHead of Digital Underwriting

Financials

Income Statement

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Total Revenue187.60M283.42M425.59M551.54M
Growth (%)-+51.07%+50.16%+29.59%
Cost of Revenue126.95M187.22M280.50M374.54M
Gross Profit60.65M96.20M145.10M177.00M
Gross Margin32.33%33.94%34.09%32.09%
Operating Expense45.99M64.09M94.56M109.70M
Operating Income14.66M32.12M50.53M67.30M
Operating Margin7.81%11.33%11.87%12.20%
EBITDA15.39M34.38M55.13M71.09M
EBITDA Margin8.20%12.13%12.95%12.89%
Net Income11.26M25.05M38.24M53.79M
Net Income Margin6.00%8.84%8.99%9.75%
Interest Expense00725.00K2.01M
Interest Expense % of Total Revenue0.00%0.00%0.17%0.36%

Balance Sheet

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Total Assets565.21M1.03B1.65B2.37B
Total Liabilities481.83M835.78M1.28B1.92B
Total Equity83.37M192.08M370.44M449.27M
Cash64.66M118.07M97.48M193.54M
Total Debt--4.30M146.45M
Net Debt-64.66M-118.07M-93.18M-47.10M

Cash Flow

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow181.64M236.22M294.29M331.59M
Investing Cash Flow-187.46M-274.76M-325.88M-464.39M
Financing Cash Flow-1.00M77.66M133.89M144.52M
Capital Expenditure3.97M3.82M3.11M5.57M
Free Cash Flow177.67M232.41M291.18M326.02M
Dividends Paid25.00M---
FCF to OCF97.81%98.38%98.94%98.32%
Dividend Paid to FCF14.07%---

Earnings

Report DateMay 29, 2024Aug 6, 2024Nov 5, 2024Feb 27, 2025May 6, 2025Aug 5, 2025Nov 4, 2025Feb 24, 2026May 5, 2026Aug 3, 2026Nov 3, 2026
EPS Estimate-0.260.350.330.330.360.410.440.410.470.51
EPS Actual0.220.280.360.400.340.370.470.470.480.48-
Surprise-7.69%2.86%21.21%3.03%2.78%14.63%6.02%17.07%2.13%-
Timing-Pre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap1.11B
Enterprise Value1.12B
Trailing P/E18.25
Forward P/E13.81
Price / Sales1.81
Price / Book2.35
EPS1.85
Book Value14.39
Revenue (TTM)615.16M
Gross Profit (TTM)195.65M
EBITDA93.18M
Profit Margin10.11%
Operating Margin15.08%
Return on Equity14.10%
Return on Assets2.46%
Shares Outstanding32.94M
Shares Float31.48M
Beta-0.08
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 5 analystsTarget 34.33
  • Buy
    3
  • Hold
    2

Ownership Breakdown

Institutions
94.82%
Insiders
3.94%
Retail / Other
1.24%

Top Institutional Holders

  • Gallatin Point Capital LLC
    8.97M27.22%
  • American Family Investments, Inc.
    4.70M14.27%
  • American Century Companies Inc
    2.08M6.32%
  • Victory Capital Management Inc.
    1.73M5.25%
  • Polar Capital Holdings PLC
    1.50M4.55%
  • BlackRock Inc
    1.41M4.29%
  • Vanguard Capital Management, LLC
    828.42K2.51%
  • Geode Capital Management, LLC
    421.25K1.28%
  • Schroder Investment Management Group
    418.81K1.27%
  • Qube Research & Technologies
    415.66K1.26%
  • Two Sigma Investments LLC
    415.15K1.26%
  • Morgan Stanley - Brokerage Accounts
    413.93K1.26%
  • State Street Corp
    396.98K1.21%
  • Vanguard Portfolio Management, LLC
    385.13K1.17%

Top Fund Holders

  • Polar Capital Global Ins A Inc
    1.50M4.55%
  • Victory Sycamore Small Company Opp R
    1.31M3.98%
  • American Century Small Cap Growth Inv
    997.72K3.03%
  • Vanguard MStar Total Stk Mkt Idx Invest
    617.95K1.88%
  • iShares Russell 2000 ETF
    473.49K1.44%
  • Schroder US Smaller Companies Acc
    355.17K1.08%