StockNews.com Begins Coverage on Hallmark Financial Services (NASDAQ:HALL)

StockNews.com initiated coverage on shares of Hallmark Financial Services (NASDAQ:HALL) in a research note published on Thursday morning. The firm issued a hold rating on the insurance provider’s stock.

Hallmark Financial Services Stock Performance

Shares of HALL opened at $1.90 on Thursday. The company’s fifty day moving average is $1.98 and its 200-day moving average is $3.47. Hallmark Financial Services has a 12 month low of $1.65 and a 12 month high of $11.66. The firm has a market cap of $3.46 million, a price-to-earnings ratio of -0.04 and a beta of 1.28. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 4.48.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in shares of Hallmark Financial Services by 20.5% during the 1st quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider’s stock worth $449,000 after purchasing an additional 21,023 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Hallmark Financial Services during the 1st quarter worth $292,000. Geode Capital Management LLC acquired a new position in shares of Hallmark Financial Services during the 1st quarter worth $100,000. Virtu Financial LLC bought a new stake in shares of Hallmark Financial Services during the 1st quarter worth $95,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Hallmark Financial Services during the 1st quarter worth $48,000. Institutional investors and hedge funds own 15.35% of the company’s stock.

Hallmark Financial Services Company Profile

Hallmark Financial Services, Inc underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Runoff. The Commercial Lines segment offers commercial property/casualty insurance products, including general liability, commercial automobile, commercial property, umbrella, commercial multi-peril, and business owners' insurance products, as well as aircraft and aircraft liability products.