Equities research analysts expect that Hallmark Financial Services, Inc. (NASDAQ:HALL) will post sales of $88.20 million for the current quarter, according to Zacks. Two analysts have issued estimates for Hallmark Financial Services’ earnings, with the highest sales estimate coming in at $91.81 million and the lowest estimate coming in at $84.60 million. Hallmark Financial Services reported sales of $97.29 million during the same quarter last year, which indicates a negative year over year growth rate of 9.3%. The firm is scheduled to announce its next quarterly earnings report on Monday, March 11th.

According to Zacks, analysts expect that Hallmark Financial Services will report full-year sales of $378.19 million for the current financial year, with estimates ranging from $377.39 million to $379.00 million. For the next fiscal year, analysts expect that the firm will post sales of $388.06 million, with estimates ranging from $377.72 million to $398.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Hallmark Financial Services.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Thursday. Boenning Scattergood reissued a “hold” rating on shares of Hallmark Financial Services in a research note on Monday, November 12th. ValuEngine downgraded shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Finally, TheStreet raised shares of Hallmark Financial Services from a “c” rating to a “b” rating in a research note on Monday, November 12th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Hallmark Financial Services currently has an average rating of “Hold” and a consensus price target of $12.50.

In other Hallmark Financial Services news, Director James H. Graves sold 6,140 shares of the business’s stock in a transaction on Friday, January 18th. The shares were sold at an average price of $9.95, for a total value of $61,093.00. Following the completion of the sale, the director now directly owns 8,498 shares of the company’s stock, valued at $84,555.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 29.30% of the company’s stock.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Hallmark Financial Services by 0.8% during 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 acquiring an additional 12,223 shares during the last quarter. BlackRock Inc. raised 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 raised 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 raised its stake in Hallmark Financial Services by 6.8% in the third quarter. Renaissance Technologies LLC now owns 309,500 shares of the insurance provider’s stock worth $3,405,000 after buying an additional 19,600 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake in Hallmark Financial Services by 6.3% in the third quarter. Pacific Ridge Capital Partners LLC now owns 135,230 shares of the insurance provider’s stock worth $1,488,000 after buying an additional 8,020 shares in the last quarter. 67.58% of the stock is owned by hedge funds and other institutional investors.

Hallmark Financial Services stock traded down $0.03 during mid-day trading on Thursday, hitting $10.32. The company’s stock had a trading volume of 7,900 shares, compared to its average volume of 22,611. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $187.45 million, a PE ratio of -28.27 and a beta of 0.55. Hallmark Financial Services has a 12 month low of $8.62 and a 12 month high of $11.58.

About Hallmark Financial Services

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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Earnings History and Estimates for Hallmark Financial Services (NASDAQ:HALL)

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