Hallmark Financial Services, Inc. (NASDAQ:HALL)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $13.05 and traded as high as $14.74. Hallmark Financial Services shares last traded at $14.70, with a volume of 1,783 shares.

HALL has been the topic of a number of research reports. TheStreet upgraded shares of Hallmark Financial Services from a “c” rating to a “b” rating in a report on Wednesday, May 29th. ValuEngine upgraded shares of Hallmark Financial Services from a “hold” rating to a “buy” rating in a report on Friday, June 21st. Boenning Scattergood upgraded shares of Hallmark Financial Services from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $13.00 to $14.00 in a report on Thursday, May 9th. Finally, BidaskClub upgraded shares of Hallmark Financial Services from a “buy” rating to a “strong-buy” rating in a report on Monday, June 24th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Hallmark Financial Services has a consensus rating of “Buy” and an average price target of $13.00.

The firm has a market cap of $266.77 million, a P/E ratio of 14.61 and a beta of 0.67. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $13.29.

Hallmark Financial Services (NASDAQ:HALL) last announced its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.11. Hallmark Financial Services had a net margin of 6.12% and a return on equity of 7.42%. The business had revenue of $104.45 million for the quarter, compared to analyst estimates of $94.18 million. Research analysts predict that Hallmark Financial Services, Inc. will post 1.35 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its holdings in shares of Hallmark Financial Services by 547.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,763 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 2,336 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Hallmark Financial Services in the 4th quarter valued at $45,000. SG Americas Securities LLC acquired a new stake in shares of Hallmark Financial Services in the 1st quarter valued at $109,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Hallmark Financial Services by 25.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,699 shares of the insurance provider’s stock valued at $125,000 after purchasing an additional 2,381 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Hallmark Financial Services by 35.6% in the 4th quarter. Rhumbline Advisers now owns 21,333 shares of the insurance provider’s stock valued at $228,000 after purchasing an additional 5,598 shares in the last quarter. Institutional investors and hedge funds own 64.16% of the company’s stock.

Hallmark Financial Services Company Profile (NASDAQ:HALL)

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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