Hallmark Financial Services, Inc. (NASDAQ:HALL) has been assigned an average broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a buy rating on the company. Hallmark Financial Services’ rating score has improved by 16.7% from three months ago as a result of various analysts’ ratings changes.

Brokers have set a 1 year consensus price target of $13.00 for the company and are predicting that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also given Hallmark Financial Services an industry rank of 103 out of 255 based on the ratings given to its competitors.

A number of equities analysts have commented on HALL shares. Raymond James raised Hallmark Financial Services from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 12th. Boenning Scattergood reaffirmed a “hold” rating on shares of Hallmark Financial Services in a research note on Wednesday, May 9th. Finally, Zacks Investment Research cut Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th.

Several institutional investors and hedge funds have recently bought and sold shares of HALL. Wells Fargo & Company MN increased its stake in shares of Hallmark Financial Services by 40.6% during the fourth quarter. Wells Fargo & Company MN now owns 19,572 shares of the insurance provider’s stock valued at $205,000 after buying an additional 5,651 shares during the period. Deutsche Bank AG boosted its position in shares of Hallmark Financial Services by 12.2% during the fourth quarter. Deutsche Bank AG now owns 55,876 shares of the insurance provider’s stock valued at $581,000 after purchasing an additional 6,080 shares in the last quarter. Boston Partners boosted its position in shares of Hallmark Financial Services by 2.0% during the first quarter. Boston Partners now owns 466,800 shares of the insurance provider’s stock valued at $4,164,000 after purchasing an additional 9,200 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Hallmark Financial Services by 3.0% during the first quarter. Russell Investments Group Ltd. now owns 566,780 shares of the insurance provider’s stock valued at $5,056,000 after purchasing an additional 16,459 shares in the last quarter. Finally, ZPR Investment Management boosted its position in shares of Hallmark Financial Services by 112.1% during the first quarter. ZPR Investment Management now owns 37,574 shares of the insurance provider’s stock valued at $335,000 after purchasing an additional 19,859 shares in the last quarter. 67.86% of the stock is currently owned by hedge funds and other institutional investors.

Hallmark Financial Services stock traded up $0.11 during trading hours on Monday, reaching $11.08. The company had a trading volume of 9,416 shares, compared to its average volume of 16,722. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $195.57 million, a P/E ratio of -29.95 and a beta of 0.87. Hallmark Financial Services has a 12-month low of $8.62 and a 12-month high of $11.83.

Hallmark Financial Services (NASDAQ:HALL) last announced its quarterly earnings results on Tuesday, August 7th. The insurance provider reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.06. The business had revenue of $96.43 million for the quarter, compared to analysts’ expectations of $99.41 million. Hallmark Financial Services had a negative return on equity of 0.69% and a negative net margin of 1.67%. sell-side analysts expect that Hallmark Financial Services will post 0.82 earnings per share for the current fiscal year.

Hallmark Financial Services Company Profile

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.

Featured Story: Penny Stocks, What You Need To Know

Get a free copy of the Zacks research report on Hallmark Financial Services (HALL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.