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

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

Hallmark Financial Services Stock Performance

Hallmark Financial Services stock opened at $0.73 on Monday. The firm has a 50 day simple moving average of $1.03 and a 200-day simple moving average of $1.88. Hallmark Financial Services has a 1-year low of $0.71 and a 1-year high of $4.72. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.75 and a quick ratio of 0.62. The stock has a market cap of $13.21 million, a price-to-earnings ratio of -0.13 and a beta of 1.32.

Institutional Trading of Hallmark Financial Services

Several hedge funds have recently made changes to their positions in HALL. Acadian Asset Management LLC purchased a new position in shares of Hallmark Financial Services during the 1st quarter worth approximately $48,000. Renaissance Technologies LLC boosted its position in shares of Hallmark Financial Services by 20.5% during the 1st quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider’s stock worth $449,000 after purchasing an additional 21,023 shares during the period. Virtu Financial LLC purchased a new position in shares of Hallmark Financial Services during the 1st quarter worth approximately $95,000. Assenagon Asset Management S.A. boosted its position in shares of Hallmark Financial Services by 21.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 31,095 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 5,445 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Hallmark Financial Services by 67.8% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 32,375 shares of the insurance provider’s stock worth $78,000 after purchasing an additional 13,079 shares during the period. Hedge funds and other institutional investors own 17.22% of the company’s stock.

About Hallmark Financial Services

(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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