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

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

Hallmark Financial Services Price Performance

Shares of HALL stock opened at $0.81 on Tuesday. The stock has a market capitalization of $1.70 million, a PE ratio of -0.02 and a beta of 1.17. Hallmark Financial Services has a 1-year low of $0.57 and a 1-year high of $6.92. The business has a 50-day moving average of $0.82 and a 200 day moving average of $1.29.

Institutional Investors Weigh In On Hallmark Financial Services

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC purchased a new stake in Hallmark Financial Services during the 1st quarter valued at about $100,000. Dimensional Fund Advisors LP purchased a new stake in Hallmark Financial Services in the 1st quarter worth approximately $292,000. Point72 Asset Management L.P. purchased a new stake in Hallmark Financial Services in the 2nd quarter worth approximately $31,000. Virtu Financial LLC purchased a new stake in Hallmark Financial Services in the 1st quarter worth approximately $95,000. Finally, Renaissance Technologies LLC lifted its holdings in Hallmark Financial Services by 20.5% in the 1st quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider’s stock worth $449,000 after buying an additional 21,023 shares during the period. 5.62% of the stock is currently owned by hedge funds and other institutional investors.

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.