Russell Investments Group Ltd. Raises Position in Hallmark Financial Services, Inc. (HALL)

Russell Investments Group Ltd. raised its stake in shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 444,826 shares of the insurance provider’s stock after buying an additional 25,300 shares during the period. Russell Investments Group Ltd. owned 2.41% of Hallmark Financial Services worth $5,013,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Cove Street Capital LLC increased its stake in shares of Hallmark Financial Services by 1.4% in the first quarter. Cove Street Capital LLC now owns 2,104,819 shares of the insurance provider’s stock valued at $23,258,000 after buying an additional 28,307 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hallmark Financial Services by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,556,019 shares of the insurance provider’s stock valued at $17,194,000 after buying an additional 18,745 shares in the last quarter. Fenimore Asset Management Inc. increased its stake in shares of Hallmark Financial Services by 0.3% in the second quarter. Fenimore Asset Management Inc. now owns 660,193 shares of the insurance provider’s stock valued at $7,440,000 after buying an additional 2,000 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of Hallmark Financial Services by 0.5% in the first quarter. Jupiter Asset Management Ltd. now owns 416,396 shares of the insurance provider’s stock valued at $4,601,000 after buying an additional 1,874 shares in the last quarter. Finally, Magnolia Group LLC increased its stake in shares of Hallmark Financial Services by 176.4% in the first quarter. Magnolia Group LLC now owns 278,293 shares of the insurance provider’s stock valued at $3,075,000 after buying an additional 177,609 shares in the last quarter. 65.59% of the stock is owned by institutional investors and hedge funds.

Hallmark Financial Services, Inc. (NASDAQ:HALL) traded up 0.99% during midday trading on Thursday, hitting $11.17. The stock had a trading volume of 3,242 shares. Hallmark Financial Services, Inc. has a 52 week low of $9.71 and a 52 week high of $12.09. The stock has a market cap of $203.03 million, a P/E ratio of 113.98 and a beta of 0.82. The company has a 50-day moving average price of $11.16 and a 200-day moving average price of $10.94.

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HALL has been the subject of a number of research reports. TheStreet raised Hallmark Financial Services from a “c” rating to a “b-” rating in a report on Wednesday, June 28th. Zacks Investment Research raised Hallmark Financial Services from a “strong sell” rating to a “hold” rating in a report on Monday, July 17th.

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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