Hallmark Financial Services Inc. (HALL) Upgraded to “Buy” at TheStreet
Hallmark Financial Services Inc. (NASDAQ:HALL) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Monday.
Separately, Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Tuesday, August 16th.
Shares of Hallmark Financial Services (NASDAQ:HALL) traded up 0.58% on Monday, hitting $10.44. The company had a trading volume of 17,702 shares. The company has a 50 day moving average of $10.45 and a 200-day moving average of $10.76. Hallmark Financial Services has a 12-month low of $9.50 and a 12-month high of $13.29. The company has a market cap of $194.32 million, a price-to-earnings ratio of 13.02 and a beta of 0.84.
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Several hedge funds and other institutional investors have recently bought and sold shares of HALL. Chartwell Investment Partners LLC purchased a new position in Hallmark Financial Services during the second quarter valued at $5,974,000. Hancock Holding Co. purchased a new position in Hallmark Financial Services during the second quarter valued at $121,000. Emerald Acquisition Ltd. purchased a new position in Hallmark Financial Services during the second quarter valued at $5,340,000. Spark Investment Management LLC boosted its position in Hallmark Financial Services by 71.3% in the first quarter. Spark Investment Management LLC now owns 17,300 shares of the company’s stock valued at $198,000 after buying an additional 7,200 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Hallmark Financial Services by 3.6% in the first quarter. Geode Capital Management LLC now owns 81,330 shares of the company’s stock valued at $934,000 after buying an additional 2,808 shares during the last quarter. 61.82% of the stock is currently owned by institutional investors.
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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