BidaskClub lowered shares of Hallmark Financial Services (NASDAQ:HALL) from a hold rating to a sell rating in a research note issued to investors on Tuesday, BidAskClub reports.

Several other analysts have also commented on HALL. Zacks Investment Research lowered Hallmark Financial Services from a buy rating to a hold rating in a report on Thursday, January 9th. ValuEngine lowered Hallmark Financial Services from a hold rating to a sell rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Hallmark Financial Services presently has a consensus rating of Hold and a consensus target price of $17.67.

HALL traded down $0.28 during trading on Tuesday, hitting $17.27. The company’s stock had a trading volume of 29,102 shares, compared to its average volume of 56,900. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. Hallmark Financial Services has a twelve month low of $9.65 and a twelve month high of $20.30. The business’s fifty day simple moving average is $17.84 and its 200 day simple moving average is $17.88. The firm has a market capitalization of $309.90 million, a price-to-earnings ratio of 11.14 and a beta of 0.52.

Institutional investors and hedge funds have recently modified their holdings of the business. Mackay Shields LLC grew its holdings in Hallmark Financial Services by 114.4% in the third quarter. Mackay Shields LLC now owns 136,268 shares of the insurance provider’s stock valued at $2,607,000 after purchasing an additional 72,700 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Hallmark Financial Services by 87.8% in the third quarter. Public Employees Retirement System of Ohio now owns 11,980 shares of the insurance provider’s stock valued at $229,000 after acquiring an additional 5,600 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Hallmark Financial Services by 8.9% in the third quarter. Rhumbline Advisers now owns 23,295 shares of the insurance provider’s stock valued at $446,000 after acquiring an additional 1,900 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of Hallmark Financial Services in the third quarter valued at approximately $300,000. Finally, Wedge Capital Management L L P NC lifted its position in shares of Hallmark Financial Services by 104.6% in the third quarter. Wedge Capital Management L L P NC now owns 53,756 shares of the insurance provider’s stock valued at $1,028,000 after acquiring an additional 27,487 shares in the last quarter. 65.25% of the stock is currently owned by institutional investors.

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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