Bowhead Specialty (BOW)
Underwrites complex U.S. specialty casualty, professional, and healthcare liability risks.
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Writes U.S. commercial specialty property-and-casualty coverage across casualty, professional liability, healthcare liability, and Baleen Specialty. Revenue is built through selected wholesale and retail distribution relationships, while execution depends on underwriting discipline, AmFam partnership mechanics, reinsurance, reserves, and E&S market conditions.
Writes U.S. commercial specialty P&C coverage across casualty, professional liability, healthcare liability, and Baleen Specialty, with policies primarily on an excess-and-surplus-lines basis. The company reports one operating segment, but manages underwriting through those divisions.
Distribution runs through selected wholesale and retail relationships. Its craft model uses underwriting and claims expertise for complex risks, while Baleen adds a digital, lower-touch path for smaller hard-to-place accounts.
Headquartered in New York, the business is concentrated in the United States. Execution depends on underwriting discipline, broker access, AmFam partnership mechanics, reinsurance recovery, claims and reserve accuracy, regulation, and E&S market conditions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Citigroup | Downgrade | Rating: — | |
| Sep 10, 2026 | Citizens | Downgrade | ||
| Aug 19, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $30 | Target: $34 |
| Aug 4, 2026 | RBC Capital | Downgrade | Target: $38 | Target: $34 |
| Aug 3, 2026 | Deutsche Bank | Downgrade | Target: — | Target: $34 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.75B · Total debt $0 · Total assets $2.68B · Shareholders' equity $472.4M
- Revenue
- $163.9M
- Operating income
- $20.7M
- Net income
- $16.1M
No dividends on record.
| Institutions | ≈ 92.74% | 30.55M shares | |
|---|---|---|---|
| 176 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 4.90% | 1.61M shares | |
| 11 holders · as of May 27, 2026 | |||
| Strategic holders | 15.25% | 5.02M shares | |
| 1 holder · as of Aug 4, 2025 | |||
| Adds to | 112.89% | ||
32.94M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 112.89%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Gallatin Point Capital LLCInstitution | 27.22% | 8.97M | as of Jun 30, 2026 |
American Family Mutual Insurance Company, S.I.1,2Strategicdirector, 10 percent owner, other: See Remarks | 15.25% | 5.02M | filed Aug 4, 2025 |
American Family Investments, Inc.Institution | 14.27% | 4.70M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 6.32% | 2.08M | as of Jun 30, 2026 |
American Century Investment Management, Inc.Institution | 5.55% | 1.83M | filed Feb 13, 2026 |
- American Family Mutual Insurance Company, S.I.'s own ownership statement (13G, Aug 4, 2025) reports fewer shares than the transaction reports; the statement is used.
- American Family Mutual Insurance Company, S.I. reports a block also reported by American Family Investments, Inc.; it is counted once, under American Family Investments, Inc.
Insider tradesForm 4
No open-market trades in the last 12 months.
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bowhead Specialty | $33.86 | −0.04% | $1.11B | 18.3 | 15.5 | 1.8 | +123.5% |
| Kinsale Capital Group | $351.83 | +0.01% | $8.16B | 14.5 | 16.8 | 4.1 | −3.7% |
| W. R. Berkley | $68.22 | +0.01% | $25.61B | 14.1 | 14.4 | 1.4 | +1.2% |
| Chubb | $335.43 | −0.11% | $130.11B | 11.9 | 12.0 | 2.1 | −1.3% |
| Arch Capital Group | $94.95 | +0.03% | $33.46B | 7.5 | 10.0 | 1.7 | −22.3% |
| AXIS Capital | $96.28 | −0.01% | $7.15B | 6.2 | 7.4 | 1.0 | +7.4% |
| American International Group | $75.18 | −0.03% | $39.52B | 13.6 | 9.0 | 1.5 | +0.8% |
| C.N.A. Financial | $47.47 | −0.04% | $12.93B | 10.5 | 10.2 | 0.9 | +3.0% |
| Median | 11.9 | 10.2 | 1.5 | +0.8% |