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

Brokers have set a twelve-month 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 99 out of 255 based on the ratings given to its competitors.

Several analysts have commented on HALL shares. ValuEngine lowered shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Raymond James upgraded shares of Hallmark Financial Services from a “market perform” rating to an “outperform” rating in a report on Thursday, July 12th. 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 report on Tuesday. Finally, Boenning Scattergood restated a “hold” rating on shares of Hallmark Financial Services in a report on Wednesday, August 8th.

A number of institutional investors and hedge funds have recently modified their holdings of HALL. Intrepid Capital Management Inc. lifted its holdings in Hallmark Financial Services by 100.4% in the second quarter. Intrepid Capital Management Inc. now owns 979,797 shares of the insurance provider’s stock worth $9,778,000 after buying an additional 490,924 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Hallmark Financial Services by 9.0% during the second quarter. Renaissance Technologies LLC now owns 289,900 shares of the insurance provider’s stock valued at $2,893,000 after purchasing an additional 24,000 shares during the last quarter. ZPR Investment Management lifted its holdings 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 during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Hallmark Financial Services by 2.9% during the second quarter. Russell Investments Group Ltd. now owns 583,380 shares of the insurance provider’s stock valued at $5,822,000 after purchasing an additional 16,600 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Hallmark Financial Services by 1.9% during the second quarter. Boston Partners now owns 475,600 shares of the insurance provider’s stock valued at $4,746,000 after purchasing an additional 8,800 shares during the last quarter. Institutional investors and hedge funds own 66.08% of the company’s stock.

Shares of Hallmark Financial Services stock traded down $0.04 during trading on Friday, reaching $10.91. 13,600 shares of the stock were exchanged, compared to its average volume of 25,670. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Hallmark Financial Services has a 1 year low of $8.62 and a 1 year high of $11.69. The firm has a market cap of $197.92 million, a P/E ratio of -29.89 and a beta of 0.78.

Hallmark Financial Services (NASDAQ:HALL) last issued its quarterly earnings data on Tuesday, August 7th. The insurance provider reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. Hallmark Financial Services had a negative net margin of 1.67% and a negative return on equity of 0.69%. The business had revenue of $96.43 million during the quarter, compared to analyst estimates of $99.41 million. Research analysts forecast that Hallmark Financial Services will post 0.82 earnings per share for the current fiscal year.

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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