Bowhead Specialty climbs on $1.2 billion acquisition deal by American Family

Bowhead Specialty Holdings

03/08/2026 14:01

** Shares of Bowhead Specialty BOW.N up 10.3% at $33.75 premarket
** Specialty insurer agrees to $1.2 bln deal from American Family
** American Family to acquire all outstanding BOW shares it does not already own for $34/share in cash
** Offer represents about 12% premium to Bowhead's last close of $30.35
** Separately, co also reported Q2 adjusted EPS of $0.48, beating analysts' est. of $0.47
** Eight analysts rate stock "buy", three "hold"; median PT at $33 — data compiled by LSEG 
** As of last close, BOW shares up 7.1% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)
 ((tharuniyaa@thomsonreuters.com))