Hallmark Financial Services (NASDAQ:HALL) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Hallmark Financial Services (NASDAQ:HALLGet Free Report) in a report issued on Saturday. The brokerage set a “hold” rating on the insurance provider’s stock.

Hallmark Financial Services Stock Performance

Shares of HALL stock opened at $0.78 on Friday. The firm has a market cap of $1.62 million, a price-to-earnings ratio of -0.02 and a beta of 1.19. Hallmark Financial Services has a 52 week low of $0.57 and a 52 week high of $9.44. The firm’s 50-day simple moving average is $0.87 and its two-hundred day simple moving average is $1.43.

Institutional Trading of Hallmark Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new position in Hallmark Financial Services during the second quarter valued at approximately $31,000. Acadian Asset Management LLC purchased a new position in Hallmark Financial Services during the first quarter valued at approximately $48,000. Virtu Financial LLC purchased a new position in Hallmark Financial Services during the first quarter valued at approximately $95,000. Geode Capital Management LLC purchased a new position in Hallmark Financial Services during the first quarter valued at approximately $100,000. Finally, Dimensional Fund Advisors LP purchased a new position in Hallmark Financial Services during the first quarter valued at approximately $292,000. Institutional investors own 15.35% of the company’s stock.

Hallmark Financial Services Company Profile

(Get Free Report)

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.

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