Hallmark Financial Services (NASDAQ:HALL) coverage launched on StockNews.com


StockNews.com analysts have launched a hedge on the shares of Hallmark Financial Services (NASDAQ:HALL – Get Rating) in a research report released Sunday. The company has set a “hold” rating on the shares of the insurance provider.

Hallmark Financial Services Price Performance

NASDAQ HALL shares opened at $2.58 on Friday. The company has a debt ratio of 0.62, a quick ratio of 0.70 and a current ratio of 0.70. Hallmark Financial Services has a fifty-two week minimum of $2.31 and a fifty-two week maximum of $5.46. The company has a market capitalization of $46.93 million, a PE ratio of -16.13 and a beta of 1.27. The stock’s 50-day simple moving average is $2.58 and its 200-day simple moving average is $3.41.

Hallmark Financial Services (NASDAQ:HALL – Get Rating) last released its quarterly results on Thursday, May 12. The insurance provider reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.10 per ($0.28). The company posted revenue of $84.64 million for the quarter, versus analyst estimates of $97.47 million. Hallmark Financial Services posted a negative return on equity of 3.62% and a negative net margin of 0.74%. As a group, equity research analysts expect Hallmark Financial Services to post -0.55 EPS for the current fiscal year.

Institutional entries and exits

Several institutional investors have recently increased or reduced their stake in the company. Renaissance Technologies LLC increased its position in Hallmark Financial Services by 20.5% during the first quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider worth $449,000 after purchasing an additional 21,023 shares during the period. Assenagon Asset Management SA acquired a new position in Hallmark Financial Services during the fourth quarter worth approximately $115,000. Virtu Financial LLC acquired a new position in shares of Hallmark Financial Services in the first quarter worth approximately $95,000. Point72 Asset Management LP acquired a new position in shares of Hallmark Financial Services in the fourth quarter worth approximately $77,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Hallmark Financial Services in the first quarter worth approximately $48,000. Institutional investors and hedge funds own 19.12% of the company’s shares.

Hallmark Financial Services Company Profile

(Get a rating)

Hallmark Financial Services, Inc underwrites, markets, distributes and services property and 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 insurance products and services for commercial vehicles; primary and excess liability, excess liability of public entities, and E&S and garage liability insurance products and services; commercial property primary and excess insurance for catastrophic and non-catastrophic risks; professional indemnity insurance products and services primarily intended for businesses, healthcare professionals, medical establishments and elderly care establishments; and property and casualty insurance and satellite launch products and services, as well as various specialty programs.

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