Hallmark Financial Services (NASDAQ:HALL) Earns Hold Rating from Analysts at StockNews.com

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

Hallmark Financial Services Stock Down 7.6 %

Shares of HALL opened at $0.75 on Tuesday. Hallmark Financial Services has a fifty-two week low of $0.57 and a fifty-two week high of $6.92. The firm’s 50 day moving average price is $0.82 and its 200 day moving average price is $1.28. The company has a market cap of $1.57 million, a P/E ratio of -0.02 and a beta of 1.17.

Institutional Investors Weigh In On Hallmark Financial Services

Several large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in 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 buying an additional 21,023 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Hallmark Financial Services during the 1st quarter worth approximately $292,000. Virtu Financial LLC purchased a new stake in Hallmark Financial Services during the 1st quarter worth approximately $95,000. Geode Capital Management LLC purchased a new stake in Hallmark Financial Services during the 1st quarter worth approximately $100,000. Finally, Acadian Asset Management LLC purchased a new stake in Hallmark Financial Services during the 1st quarter worth approximately $48,000. 5.62% of the stock is owned by hedge funds and other institutional investors.

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.