Shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) have received a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has given a strong buy rating to the company. Hallmark Financial Services’ rating score has improved by 40% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus target price of $14.50 for the company and are expecting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Hallmark Financial Services an industry rank of 54 out of 256 based on the ratings given to related companies.
Several analysts recently weighed in on HALL shares. Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Saturday, January 26th. Boenning Scattergood restated a “hold” rating on shares of Hallmark Financial Services in a research report on Wednesday, March 6th.
A number of institutional investors have recently bought and sold shares of HALL. Hodges Capital Management Inc. raised its position in Hallmark Financial Services by 350.0% in the fourth quarter. Hodges Capital Management Inc. now owns 72,385 shares of the insurance provider’s stock valued at $774,000 after purchasing an additional 56,300 shares during the last quarter. Cove Street Capital LLC grew its stake in Hallmark Financial Services by 1.4% during the first quarter. Cove Street Capital LLC now owns 1,685,981 shares of the insurance provider’s stock worth $17,534,000 after purchasing an additional 23,373 shares during the period. Renaissance Technologies LLC grew its stake in Hallmark Financial Services by 7.5% during the first quarter. Renaissance Technologies LLC now owns 315,656 shares of the insurance provider’s stock worth $3,283,000 after purchasing an additional 22,156 shares during the period. BlackRock Inc. grew its stake in Hallmark Financial Services by 2.4% during the fourth quarter. BlackRock Inc. now owns 825,859 shares of the insurance provider’s stock worth $8,828,000 after purchasing an additional 19,327 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Hallmark Financial Services during the first quarter worth approximately $109,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.
NASDAQ HALL opened at $11.60 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.31. Hallmark Financial Services has a 52-week low of $9.48 and a 52-week high of $11.66. The company has a market capitalization of $207.15 million, a PE ratio of 11.49 and a beta of 0.65.
Hallmark Financial Services (NASDAQ:HALL) last announced its quarterly earnings data on Tuesday, March 5th. The insurance provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.21. Hallmark Financial Services had a return on equity of 7.42% and a net margin of 6.12%. The business had revenue of $96.16 million during the quarter, compared to the consensus estimate of $88.20 million. Sell-side analysts predict that Hallmark Financial Services will post 1.3 EPS 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.
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