Analysts Expect Hallmark Financial Services, Inc. (HALL) to Announce $0.17 Earnings Per Share

Hallmark Financial Services, Inc. (NASDAQ:HALL) has been assigned an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Zacks has also given Hallmark Financial Services an industry rank of 51 out of 265 based on the ratings given to its competitors.

HALL has been the topic of a number of recent research reports. Zacks Investment Research cut Hallmark Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Boenning Scattergood initiated coverage on Hallmark Financial Services in a report on Tuesday, January 9th. They issued a “neutral” rating on the stock.

Shares of Hallmark Financial Services (NASDAQ:HALL) opened at $9.90 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.43 and a current ratio of 0.43. Hallmark Financial Services has a 12 month low of $9.42 and a 12 month high of $11.83.

Hallmark Financial Services (NASDAQ:HALL) last issued its earnings results on Wednesday, November 8th. The insurance provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.10). The company had revenue of $94.72 million during the quarter, compared to analyst estimates of $97.87 million. Hallmark Financial Services had a negative return on equity of 0.42% and a negative net margin of 1.19%. sell-side analysts predict that Hallmark Financial Services will post 0.09 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Hallmark Financial Services by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,562,914 shares of the insurance provider’s stock worth $17,614,000 after acquiring an additional 6,895 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Hallmark Financial Services by 1.6% in the 4th quarter. Bank of Montreal Can now owns 711,918 shares of the insurance provider’s stock worth $7,425,000 after acquiring an additional 11,107 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Hallmark Financial Services by 53.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 683,080 shares of the insurance provider’s stock worth $7,930,000 after acquiring an additional 238,254 shares during the last quarter. Fenimore Asset Management Inc. grew its holdings in shares of Hallmark Financial Services by 1.2% in the 4th quarter. Fenimore Asset Management Inc. now owns 667,963 shares of the insurance provider’s stock worth $6,967,000 after acquiring an additional 7,770 shares during the last quarter. Finally, Chartwell Investment Partners LLC grew its holdings in shares of Hallmark Financial Services by 29.8% in the 4th quarter. Chartwell Investment Partners LLC now owns 504,596 shares of the insurance provider’s stock worth $5,263,000 after acquiring an additional 115,776 shares during the last quarter. Institutional investors and hedge funds own 65.05% of the company’s stock.

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About Hallmark Financial Services

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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