Equities research analysts at Boenning Scattergood started coverage on shares of Hallmark Financial Services (NASDAQ:HALL) in a report issued on Tuesday, The Fly reports. The brokerage set a “neutral” rating on the insurance provider’s stock.

Separately, Zacks Investment Research upgraded Hallmark Financial Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 3rd.

Shares of Hallmark Financial Services (HALL) opened at $10.42 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.33. Hallmark Financial Services has a 1-year low of $9.91 and a 1-year high of $11.83. The stock has a market capitalization of $189.21, a price-to-earnings ratio of -41.68 and a beta of 0.84.

Hedge funds have recently made changes to their positions in the stock. Boston Partners lifted its position in shares of Hallmark Financial Services by 121.7% during the 3rd quarter. Boston Partners now owns 457,600 shares of the insurance provider’s stock worth $5,313,000 after buying an additional 251,200 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Hallmark Financial Services during the 2nd quarter worth $391,000. Roumell Asset Management LLC lifted its position in shares of Hallmark Financial Services by 23.1% during the 3rd quarter. Roumell Asset Management LLC now owns 177,327 shares of the insurance provider’s stock worth $2,059,000 after buying an additional 33,227 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Hallmark Financial Services by 161.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 28,986 shares of the insurance provider’s stock worth $327,000 after buying an additional 17,886 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Hallmark Financial Services by 53.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 683,080 shares of the insurance provider’s stock worth $7,930,000 after buying an additional 238,254 shares during the last quarter. Institutional investors and hedge funds own 64.97% of the company’s stock.

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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.

The Fly

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