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

StockNews.com initiated coverage on shares of Hallmark Financial Services (NASDAQ:HALL – Get Rating) in a research report released on Monday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Hallmark Financial Services Trading Down 7.6 %

Shares of HALL stock opened at $10.17 on Monday. Hallmark Financial Services has a 1 year low of $4.21 and a 1 year high of $41.50. The firm has a fifty day moving average price of $9.15 and a 200-day moving average price of $62.12. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $18.51 million, a price-to-earnings ratio of -0.18 and a beta of 1.19.

Institutional Trading of Hallmark Financial Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in Hallmark Financial Services by 20.5% during the 1st quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider’s stock valued at $449,000 after purchasing an additional 21,023 shares during the period. Group One Trading L.P. bought a new position in shares of Hallmark Financial Services during the 3rd quarter valued at approximately $41,000. O Shaughnessy Asset Management LLC increased 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 valued at $78,000 after purchasing an additional 13,079 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Hallmark Financial Services during the 1st quarter valued at approximately $95,000. Finally, Acadian Asset Management LLC purchased a new position in Hallmark Financial Services during the 1st quarter valued at $48,000. Institutional investors own 14.13% of the company’s stock.

About Hallmark Financial Services

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Hallmark Financial Services, Inc is a holding company, which engages in the provision of insurance products. It operates through the following segments: Specialty Commercial, Standard Commercial, and Personal. The Specialty Commercial segment includes the commercial auto, excess and surplus (E&S) casualty, E&S property, professional liability, and aerospace and programs business units.