Hallmark Financial Services (NASDAQ:HALL)‘s stock had its “hold” rating restated by equities researchers at Boenning Scattergood in a note issued to investors on Tuesday. Boenning Scattergood also issued estimates for Hallmark Financial Services’ Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.50 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.30 EPS and FY2019 earnings at $0.95 EPS.
Separately, Zacks Investment Research downgraded shares of Hallmark Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th.
Hallmark Financial Services (NASDAQ:HALL) opened at $9.43 on Tuesday. Hallmark Financial Services has a 12-month low of $8.73 and a 12-month high of $11.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.43 and a quick ratio of 0.43.
A number of institutional investors have recently added to or reduced their stakes in HALL. Alliancebernstein L.P. grew its position in Hallmark Financial Services by 11.2% in the second quarter. Alliancebernstein L.P. now owns 18,800 shares of the insurance provider’s stock valued at $212,000 after purchasing an additional 1,900 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Hallmark Financial Services by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 27,951 shares of the insurance provider’s stock valued at $315,000 after acquiring an additional 1,769 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Hallmark Financial Services in the 2nd quarter valued at about $190,000. Northern Trust Corp grew its position in shares of Hallmark Financial Services by 0.9% in the 2nd quarter. Northern Trust Corp now owns 175,590 shares of the insurance provider’s stock valued at $1,979,000 after acquiring an additional 1,584 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Hallmark Financial Services by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 386,596 shares of the insurance provider’s stock valued at $4,357,000 after acquiring an additional 2,031 shares during the period. 65.88% of the stock is owned by institutional investors and hedge funds.
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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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