Hallmark Financial Services (NASDAQ:HALL) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Hallmark Financial Services (NASDAQ:HALLGet Rating) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the insurance provider’s stock.

Hallmark Financial Services Trading Up 6.4 %

Shares of NASDAQ HALL opened at $0.98 on Friday. Hallmark Financial Services has a 1-year low of $0.81 and a 1-year high of $4.72. The company has a market cap of $17.81 million, a PE ratio of -0.25 and a beta of 1.32. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $1.08 and a two-hundred day moving average of $1.98.

Hallmark Financial Services (NASDAQ:HALLGet Rating) last announced its earnings results on Monday, August 15th. The insurance provider reported ($2.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($2.11). Hallmark Financial Services had a negative return on equity of 29.19% and a negative net margin of 20.23%. The company had revenue of $84.51 million during the quarter, compared to the consensus estimate of $81.99 million. As a group, equities analysts expect that Hallmark Financial Services will post -2.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hallmark Financial Services

A number of hedge funds and other institutional investors have recently bought and sold shares of HALL. Point72 Asset Management L.P. bought a new position in Hallmark Financial Services in the second quarter valued at approximately $31,000. Group One Trading L.P. bought a new position in Hallmark Financial Services in the third quarter valued at approximately $41,000. Acadian Asset Management LLC bought a new position in Hallmark Financial Services in the first quarter valued at approximately $48,000. Assenagon Asset Management S.A. boosted its stake in Hallmark Financial Services by 21.2% in the second quarter. Assenagon Asset Management S.A. now owns 31,095 shares of the insurance provider’s stock valued at $75,000 after acquiring an additional 5,445 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in Hallmark Financial Services by 67.8% in the second quarter. O Shaughnessy Asset Management LLC now owns 32,375 shares of the insurance provider’s stock valued at $78,000 after acquiring an additional 13,079 shares during the last quarter. 17.22% of the stock is owned by institutional investors.

Hallmark Financial Services Company Profile

(Get Rating)

Hallmark Financial Services, Inc underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates through Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment offers primary and excess commercial vehicle insurance products and services; primary and excess liability, excess public entity liability, and E&S package and garage liability insurance products and services; primary and excess commercial property insurance for catastrophe and non-catastrophe exposures; healthcare and financial lines professional liability insurance products and services primarily for businesses, medical professionals, medical facilities, and senior care facilities; and satellite launch property/casualty insurance products and services, as well as various specialty programs.

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