Hallmark Financial Services (NASDAQ:HALL) Now Covered by StockNews.com

StockNews.com started coverage on shares of Hallmark Financial Services (NASDAQ:HALLGet Rating) in a report released on Wednesday morning. The firm issued a hold rating on the insurance provider’s stock.

Shares of Hallmark Financial Services stock opened at $2.47 on Wednesday. The company has a fifty day simple moving average of $3.01 and a 200-day simple moving average of $3.71. Hallmark Financial Services has a 12-month low of $2.31 and a 12-month high of $5.70. The stock has a market cap of $44.93 million, a price-to-earnings ratio of -15.13 and a beta of 1.24. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.62.

Hallmark Financial Services (NASDAQ:HALLGet Rating) last issued its quarterly earnings data on Thursday, May 12th. The insurance provider reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.28). Hallmark Financial Services had a negative net margin of 0.74% and a negative return on equity of 3.62%. The business had revenue of $84.64 million during the quarter, compared to analyst estimates of $97.47 million. On average, analysts forecast that Hallmark Financial Services will post -0.55 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of HALL. Acadian Asset Management LLC acquired a new stake in shares of Hallmark Financial Services during the first quarter worth approximately $48,000. Point72 Asset Management L.P. bought a new stake in Hallmark Financial Services in the fourth quarter worth about $77,000. Virtu Financial LLC purchased a new position in Hallmark Financial Services in the 1st quarter worth about $95,000. Assenagon Asset Management S.A. purchased a new position in Hallmark Financial Services during the 4th quarter valued at about $115,000. Finally, Renaissance Technologies LLC grew its stake in shares of Hallmark Financial Services by 20.5% in the 1st quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider’s stock valued at $449,000 after buying an additional 21,023 shares in the last quarter. Institutional investors own 19.12% of the company’s stock.

About Hallmark Financial Services (Get Rating)

Hallmark Financial Services, Inc underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates through Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment offers primary and excess commercial vehicle insurance products and services; primary and excess liability, excess public entity liability, and E&S package and garage liability insurance products and services; primary and excess commercial property insurance for catastrophe and non-catastrophe exposures; healthcare and financial lines professional liability insurance products and services primarily for businesses, medical professionals, medical facilities, and senior care facilities; and satellite launch property/casualty insurance products and services, as well as various specialty programs.

Featured Articles

Receive News & Ratings for Hallmark Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hallmark Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.