Shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) have earned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for 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 131 out of 265 based on the ratings given to related companies.
A number of analysts recently weighed in on HALL shares. Zacks Investment Research raised shares of Hallmark Financial Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Boenning Scattergood started coverage on shares of Hallmark Financial Services in a research note on Tuesday, January 9th. They issued a “neutral” rating on the stock. Finally, ValuEngine cut shares of Hallmark Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday.
Hallmark Financial Services (NASDAQ HALL) traded down $0.09 during midday trading on Wednesday, reaching $9.11. 87,709 shares of the company were exchanged, compared to its average volume of 19,038. The company has a market capitalization of $167.15, a PE ratio of -14.02 and a beta of 0.83. Hallmark Financial Services has a twelve month low of $8.73 and a twelve month high of $11.83. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.43 and a current ratio of 0.41.
In other Hallmark Financial Services news, CEO Naveen Anand bought 10,600 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were acquired at an average price of $9.34 per share, with a total value of $99,004.00. Following the completion of the purchase, the chief executive officer now directly owns 70,900 shares in the company, valued at approximately $662,206. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 28.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its stake in Hallmark Financial Services by 1.6% in the fourth quarter. Bank of Montreal Can now owns 711,918 shares of the insurance provider’s stock valued at $7,425,000 after acquiring an additional 11,107 shares during the period. Russell Investments Group Ltd. increased its stake in Hallmark Financial Services by 53.6% in the third quarter. Russell Investments Group Ltd. now owns 683,080 shares of the insurance provider’s stock valued at $7,930,000 after acquiring an additional 238,254 shares during the period. Fenimore Asset Management Inc. boosted its position in Hallmark Financial Services by 1.2% in the fourth quarter. Fenimore Asset Management Inc. now owns 667,963 shares of the insurance provider’s stock valued at $6,967,000 after buying an additional 7,770 shares in the last quarter. Chartwell Investment Partners LLC boosted its position in Hallmark Financial Services by 29.8% in the fourth quarter. Chartwell Investment Partners LLC now owns 504,596 shares of the insurance provider’s stock valued at $5,263,000 after buying an additional 115,776 shares in the last quarter. Finally, Boston Partners boosted its position in Hallmark Financial Services by 121.7% in the third quarter. Boston Partners now owns 457,600 shares of the insurance provider’s stock valued at $5,313,000 after buying an additional 251,200 shares in the last quarter. 65.88% of the stock is currently owned by institutional investors and hedge funds.
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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