Hallmark Financial Services, Inc. (NASDAQ:HALL) has earned an average broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a buy rating on the company.

Analysts have set a 12 month consensus price objective of $13.00 for the company and are anticipating that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also given Hallmark Financial Services an industry rank of 184 out of 257 based on the ratings given to its competitors.

A number of equities analysts have recently issued reports on HALL shares. Boenning Scattergood restated a “hold” rating on shares of Hallmark Financial Services in a research note on Wednesday, August 8th. ValuEngine cut shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Zacks Investment Research upgraded shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Monday, October 22nd. Finally, Raymond James restated a “hold” rating and issued a $13.00 price objective on shares of Hallmark Financial Services in a research note on Monday, August 13th.

Shares of Hallmark Financial Services stock opened at $10.78 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.33. Hallmark Financial Services has a fifty-two week low of $8.62 and a fifty-two week high of $11.69. The firm has a market capitalization of $197.47 million, a price-to-earnings ratio of -29.14 and a beta of 0.73.

Hallmark Financial Services (NASDAQ:HALL) last issued its quarterly earnings results on Friday, November 9th. The insurance provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Hallmark Financial Services had a net margin of 1.22% and a return on equity of 1.57%. The firm had revenue of $94.62 million during the quarter, compared to the consensus estimate of $96.34 million. On average, equities research analysts expect that Hallmark Financial Services will post 0.82 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Intrepid Capital Management Inc. raised its stake in shares of Hallmark Financial Services by 100.4% in the 2nd quarter. Intrepid Capital Management Inc. now owns 979,797 shares of the insurance provider’s stock valued at $9,778,000 after buying an additional 490,924 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Hallmark Financial Services by 0.8% in the 3rd quarter. Bank of Montreal Can now owns 593,604 shares of the insurance provider’s stock valued at $6,530,000 after buying an additional 4,606 shares in the last quarter. Cove Street Capital LLC increased its position in shares of Hallmark Financial Services by 0.3% during the 2nd quarter. Cove Street Capital LLC now owns 1,691,533 shares of the insurance provider’s stock worth $16,881,000 after purchasing an additional 5,210 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Hallmark Financial Services by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 289,900 shares of the insurance provider’s stock worth $2,893,000 after purchasing an additional 24,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Hallmark Financial Services by 2.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 583,380 shares of the insurance provider’s stock worth $5,822,000 after purchasing an additional 16,600 shares in the last quarter. Institutional investors own 65.87% of the company’s stock.

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.

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