Hallmark Financial Services (NASDAQ:HALL) Receives New Coverage from Analysts at StockNews.com

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

Hallmark Financial Services Stock Performance

HALL stock opened at $0.75 on Monday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market cap of $13.64 million, a P/E ratio of -0.13 and a beta of 1.32. The firm has a 50 day simple moving average of $0.99 and a 200 day simple moving average of $1.83. Hallmark Financial Services has a 52 week low of $0.70 and a 52 week high of $4.72.

Institutional Trading of Hallmark Financial Services

Several institutional investors have recently made changes to their positions in HALL. Point72 Asset Management L.P. acquired a new stake in shares of Hallmark Financial Services during the second quarter worth approximately $31,000. Group One Trading L.P. acquired a new stake in shares of Hallmark Financial Services during the third quarter worth approximately $41,000. Acadian Asset Management LLC acquired a new stake in shares of Hallmark Financial Services during the first quarter worth approximately $48,000. Assenagon Asset Management S.A. boosted its holdings in shares of Hallmark Financial Services by 21.2% during the second quarter. Assenagon Asset Management S.A. now owns 31,095 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 5,445 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in Hallmark Financial Services by 67.8% in the second quarter. O Shaughnessy Asset Management LLC now owns 32,375 shares of the insurance provider’s stock valued at $78,000 after acquiring an additional 13,079 shares during the last quarter. 17.22% of the stock is currently owned by institutional investors and hedge funds.

Hallmark Financial Services Company Profile

(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.

Further Reading

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