Hallmark Financial Services, Inc. (HALL) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also assigned Hallmark Financial Services an industry rank of 92 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised Hallmark Financial Services from a “strong sell” rating to a “hold” rating in a report on Wednesday.

A number of institutional investors and hedge funds have recently modified their holdings of HALL. Geode Capital Management LLC increased its holdings in Hallmark Financial Services by 3.9% in the 1st quarter. Geode Capital Management LLC now owns 90,895 shares of the insurance provider’s stock worth $1,004,000 after purchasing an additional 3,439 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Hallmark Financial Services by 11.2% in the 2nd quarter. Alliancebernstein L.P. now owns 18,800 shares of the insurance provider’s stock worth $212,000 after purchasing an additional 1,900 shares in the last quarter. Martingale Asset Management L P increased its holdings in Hallmark Financial Services by 29.6% in the 2nd quarter. Martingale Asset Management L P now owns 53,902 shares of the insurance provider’s stock worth $608,000 after purchasing an additional 12,300 shares in the last quarter. Teachers Advisors LLC increased its holdings in Hallmark Financial Services by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 27,951 shares of the insurance provider’s stock worth $315,000 after purchasing an additional 1,769 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in Hallmark Financial Services in the 2nd quarter worth about $190,000. 64.97% of the stock is owned by institutional investors and hedge funds.

Hallmark Financial Services (HALL) traded down $0.12 during trading on Thursday, hitting $10.14. The stock had a trading volume of 42,200 shares, compared to its average volume of 33,700. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.43 and a quick ratio of 0.43. Hallmark Financial Services has a 12 month low of $9.91 and a 12 month high of $11.98. The firm has a market cap of $186.30, a PE ratio of -39.00 and a beta of 0.84.

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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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