Hallmark Financial Services (NASDAQ:HALL) Receives New Coverage from Analysts at StockNews.com

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

Hallmark Financial Services Trading Down 7.6 %

NASDAQ:HALL opened at $0.75 on Tuesday. Hallmark Financial Services has a 12 month low of $0.57 and a 12 month high of $6.92. The firm has a fifty day simple moving average of $0.82 and a 200-day simple moving average of $1.28. The company has a market capitalization of $1.57 million, a P/E ratio of -0.02 and a beta of 1.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. acquired a new position in Hallmark Financial Services during the second quarter valued at $31,000. Acadian Asset Management LLC acquired a new position in Hallmark Financial Services during the first quarter valued at $48,000. Geode Capital Management LLC acquired a new position in Hallmark Financial Services during the first quarter valued at $100,000. Virtu Financial LLC acquired a new position in Hallmark Financial Services during the first quarter valued at $95,000. Finally, Dimensional Fund Advisors LP acquired a new position in Hallmark Financial Services during the first quarter valued at $292,000. 5.62% of the stock is currently owned by institutional investors and hedge funds.

About Hallmark Financial Services

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.