Hallmark Financial Services, Inc. (NASDAQ:HALL) has received an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Zacks has also given Hallmark Financial Services an industry rank of 162 out of 255 based on the ratings given to its competitors.
Several research analysts have issued reports on HALL shares. Zacks Investment Research cut Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. ValuEngine raised Hallmark Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, April 12th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Hallmark Financial Services in a report on Tuesday, March 13th.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can raised its stake in Hallmark Financial Services by 1.6% during the 4th quarter. Bank of Montreal Can now owns 711,918 shares of the insurance provider’s stock valued at $7,425,000 after purchasing an additional 11,107 shares during the period. Fenimore Asset Management Inc. raised its stake in Hallmark Financial Services by 1.2% during the 4th quarter. Fenimore Asset Management Inc. now owns 667,963 shares of the insurance provider’s stock valued at $6,967,000 after purchasing an additional 7,770 shares during the period. Russell Investments Group Ltd. raised its stake in Hallmark Financial Services by 3.0% during the 1st quarter. Russell Investments Group Ltd. now owns 566,780 shares of the insurance provider’s stock valued at $5,056,000 after purchasing an additional 16,459 shares during the period. Chartwell Investment Partners LLC raised its stake in Hallmark Financial Services by 29.8% during the 4th quarter. Chartwell Investment Partners LLC now owns 504,596 shares of the insurance provider’s stock valued at $5,263,000 after purchasing an additional 115,776 shares during the period. Finally, Boston Partners raised its stake in Hallmark Financial Services by 2.0% during the 1st quarter. Boston Partners now owns 466,800 shares of the insurance provider’s stock valued at $4,164,000 after purchasing an additional 9,200 shares during the period. 68.71% of the stock is currently owned by institutional investors.
HALL traded up $0.09 during trading on Thursday, reaching $10.03. The stock had a trading volume of 69,361 shares, compared to its average volume of 29,669. The company has a market capitalization of $179.83 million, a price-to-earnings ratio of -27.03 and a beta of 0.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.43 and a quick ratio of 0.43. Hallmark Financial Services has a 1-year low of $8.62 and a 1-year high of $11.83.
Hallmark Financial Services (NASDAQ:HALL) last released its earnings results on Tuesday, May 8th. The insurance provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $97.14 million during the quarter, compared to the consensus estimate of $97.08 million. Hallmark Financial Services had a negative return on equity of 2.45% and a negative net margin of 3.90%. equities analysts expect that Hallmark Financial Services will post 0.75 EPS for the current fiscal year.
About Hallmark Financial Services
Hallmark Financial Services, Inc, through its subsidiaries, underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates in the Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment markets, underwrites, finances, and services commercial lines of insurance products, including commercial automobile, general liability, commercial property, commercial excess liability, and commercial umbrella insurance products.
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