Shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) have been assigned an average broker rating score of 1.50 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company. Hallmark Financial Services’ rating score has improved by 40% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus price target of $14.50 for the company and are forecasting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also given Hallmark Financial Services an industry rank of 52 out of 256 based on the ratings given to related companies.
Several equities research analysts recently issued reports on HALL shares. TheStreet raised Hallmark Financial Services from a “c” rating to a “b” rating in a research note on Wednesday, May 29th. Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, February 27th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Hallmark Financial Services in a research note on Wednesday, March 6th.
Large investors have recently bought and sold shares of the stock. Cove Street Capital LLC increased its holdings in Hallmark Financial Services by 1.4% in the first quarter. Cove Street Capital LLC now owns 1,685,981 shares of the insurance provider’s stock valued at $17,534,000 after buying an additional 23,373 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Hallmark Financial Services by 62.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,960 shares of the insurance provider’s stock valued at $197,000 after buying an additional 7,261 shares in the last quarter. Teton Advisors Inc. increased its holdings in Hallmark Financial Services by 2.8% in the first quarter. Teton Advisors Inc. now owns 188,930 shares of the insurance provider’s stock valued at $1,965,000 after buying an additional 5,070 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in Hallmark Financial Services by 30.4% in the first quarter. Wedge Capital Management L L P NC now owns 31,169 shares of the insurance provider’s stock valued at $324,000 after buying an additional 7,269 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Hallmark Financial Services in the first quarter valued at $109,000. 64.16% of the stock is owned by institutional investors.
Shares of Hallmark Financial Services stock traded up $0.30 during trading hours on Monday, reaching $13.54. The company had a trading volume of 2,438 shares, compared to its average volume of 76,623. Hallmark Financial Services has a one year low of $9.48 and a one year high of $13.42. The business has a fifty day moving average price of $11.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market cap of $239.95 million, a price-to-earnings ratio of 13.50 and a beta of 0.54.
Hallmark Financial Services (NASDAQ:HALL) last posted its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.11. The firm had revenue of $104.45 million during the quarter, compared to analyst estimates of $94.18 million. Hallmark Financial Services had a return on equity of 7.42% and a net margin of 6.12%. As a group, equities research analysts predict that Hallmark Financial Services will post 1.35 earnings per share 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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