Hallmark Financial Services (NASDAQ:HALL) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Hallmark Financial Services (NASDAQ:HALL) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Hallmark Financial Services Price Performance

Hallmark Financial Services stock opened at $2.14 on Tuesday. The company has a market cap of $3.89 million, a price-to-earnings ratio of -0.04 and a beta of 1.23. The firm’s fifty day moving average is $4.38 and its 200 day moving average is $5.73. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 4.48. Hallmark Financial Services has a 52-week low of $1.95 and a 52-week high of $17.90.

Hallmark Financial Services (NASDAQ:HALL) last released its quarterly earnings results on Monday, August 14th. The insurance provider reported ($6.83) earnings per share (EPS) for the quarter. The business had revenue of $40.93 million for the quarter. Hallmark Financial Services had a negative net margin of 53.32% and a negative return on equity of 135.49%.

Institutional Investors Weigh In On Hallmark Financial Services

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in shares of Hallmark Financial Services in the second quarter valued at $31,000. Acadian Asset Management LLC purchased a new stake in shares of Hallmark Financial Services in the first quarter valued at $48,000. Geode Capital Management LLC purchased a new stake in shares of Hallmark Financial Services in the first quarter valued at $100,000. Renaissance Technologies LLC raised its stake in shares of Hallmark Financial Services by 20.5% in the first quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider’s stock valued at $449,000 after acquiring an additional 21,023 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Hallmark Financial Services in the first quarter valued at $95,000. Hedge funds and other institutional investors own 15.35% of the company’s stock.

Hallmark Financial Services Company Profile

Hallmark Financial Services, Inc underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Runoff. The Commercial Lines segment offers commercial property/casualty insurance products, including general liability, commercial automobile, commercial property, umbrella, commercial multi-peril, and business owners' insurance products, as well as aircraft and aircraft liability products.