Hallmark Financial Services, Inc. (NASDAQ:HALL) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c” rating in a research report issued to clients and investors on Friday.
Separately, Zacks Investment Research raised Hallmark Financial Services from a “strong sell” rating to a “hold” rating in a research report on Monday, July 17th.
Shares of Hallmark Financial Services (HALL) opened at 11.03 on Friday. Hallmark Financial Services has a one year low of $9.71 and a one year high of $12.09. The firm has a market capitalization of $200.48 million, a PE ratio of 112.55 and a beta of 0.82. The firm’s 50 day moving average is $11.17 and its 200-day moving average is $10.94.
A number of hedge funds and other institutional investors have recently modified their holdings of HALL. Arrowstreet Capital Limited Partnership boosted its position in shares of Hallmark Financial Services by 161.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 28,986 shares of the insurance provider’s stock valued at $327,000 after buying an additional 17,886 shares during the period. State Street Corp boosted its position in shares of Hallmark Financial Services by 6.3% in the second quarter. State Street Corp now owns 221,507 shares of the insurance provider’s stock valued at $2,495,000 after buying an additional 13,139 shares during the period. OxFORD Asset Management LLP purchased a new position in shares of Hallmark Financial Services during the second quarter valued at approximately $391,000. Dimensional Fund Advisors LP boosted its position in shares of Hallmark Financial Services by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,562,914 shares of the insurance provider’s stock valued at $17,614,000 after buying an additional 6,895 shares during the period. Finally, Hancock Holding Co. boosted its position in shares of Hallmark Financial Services by 12.1% in the second quarter. Hancock Holding Co. now owns 17,572 shares of the insurance provider’s stock valued at $198,000 after buying an additional 1,900 shares during the period. 65.59% of the stock is owned by hedge funds and other institutional investors.
Hallmark Financial Services Company Profile
Hallmark Financial Services, Inc is an insurance holding company. The Company markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services.
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