Zacks: Hallmark Financial Services, Inc. (HALL) Given $13.00 Average Target Price by Analysts

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Hallmark Financial Services, Inc. (NASDAQ:HALL) has received a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a buy rating to the company.

Brokers have set a 1 year consensus target price of $13.00 for the company and are anticipating that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also given Hallmark Financial Services an industry rank of 105 out of 255 based on the ratings given to its competitors.

Several analysts have weighed in on HALL shares. Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, January 4th. TheStreet lowered Hallmark Financial Services from a “b” rating to a “c+” rating in a report on Wednesday, January 16th. ValuEngine lowered Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Hallmark Financial Services in a report on Wednesday, March 6th.

NASDAQ:HALL opened at $10.10 on Tuesday. The firm has a market capitalization of $182.14 million, a price-to-earnings ratio of 9.95 and a beta of 0.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.45 and a quick ratio of 0.45. Hallmark Financial Services has a 1 year low of $8.75 and a 1 year high of $11.58.

In other Hallmark Financial Services news, Director Scott T. Berlin sold 4,900 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $10.52, for a total value of $51,548.00. Following the sale, the director now owns 5,100 shares of the company’s stock, valued at $53,652. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott T. Berlin sold 9,750 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $10.50, for a total value of $102,375.00. Following the completion of the sale, the director now directly owns 5,100 shares in the company, valued at approximately $53,550. The disclosure for this sale can be found here. Insiders sold 20,790 shares of company stock worth $215,016 in the last three months. 29.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Hallmark Financial Services by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,517,062 shares of the insurance provider’s stock valued at $16,688,000 after purchasing an additional 12,223 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Hallmark Financial Services by 2.4% during the fourth quarter. BlackRock Inc. now owns 825,859 shares of the insurance provider’s stock valued at $8,828,000 after acquiring an additional 19,327 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Hallmark Financial Services by 0.7% during the fourth quarter. Bank of Montreal Can now owns 597,907 shares of the insurance provider’s stock valued at $6,392,000 after acquiring an additional 4,303 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Hallmark Financial Services by 6.8% during the third quarter. Renaissance Technologies LLC now owns 309,500 shares of the insurance provider’s stock valued at $3,405,000 after acquiring an additional 19,600 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its stake in shares of Hallmark Financial Services by 6.3% during the third quarter. Pacific Ridge Capital Partners LLC now owns 135,230 shares of the insurance provider’s stock valued at $1,488,000 after acquiring an additional 8,020 shares during the last quarter. 65.90% of the stock is currently owned by institutional investors.

Hallmark Financial Services Company Profile

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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