Hallmark Financial Services (HALL) Raised to “Buy” at ValuEngine

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ValuEngine upgraded shares of Hallmark Financial Services (NASDAQ:HALL) from a hold rating to a buy rating in a report issued on Tuesday.

HALL has been the topic of a number of other research reports. Raymond James raised shares of Hallmark Financial Services from a market perform rating to an outperform rating in a report on Thursday, July 12th. Boenning Scattergood reaffirmed a hold rating on shares of Hallmark Financial Services in a report on Wednesday, May 9th. Finally, Zacks Investment Research cut shares of Hallmark Financial Services from a buy rating to a hold rating in a report on Wednesday, July 11th.

NASDAQ:HALL opened at $10.99 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.46 and a quick ratio of 0.46. Hallmark Financial Services has a 12 month low of $8.62 and a 12 month high of $11.83.

Hallmark Financial Services (NASDAQ:HALL) last posted its quarterly earnings results on Tuesday, August 7th. The insurance provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $96.43 million for the quarter, compared to analysts’ expectations of $99.41 million. Hallmark Financial Services had a negative net margin of 1.67% and a negative return on equity of 0.69%. research analysts predict that Hallmark Financial Services will post 0.82 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. ZPR Investment Management grew its stake in Hallmark Financial Services by 112.1% in the 1st quarter. ZPR Investment Management now owns 37,574 shares of the insurance provider’s stock valued at $335,000 after buying an additional 19,859 shares in the last quarter. Wells Fargo & Company MN grew its stake in Hallmark Financial Services by 40.6% in the 4th quarter. Wells Fargo & Company MN now owns 19,572 shares of the insurance provider’s stock valued at $205,000 after buying an additional 5,651 shares in the last quarter. Cove Street Capital LLC grew its stake in Hallmark Financial Services by 0.3% in the 2nd quarter. Cove Street Capital LLC now owns 1,691,533 shares of the insurance provider’s stock valued at $16,881,000 after buying an additional 5,210 shares in the last quarter. Intrepid Capital Management Inc. grew its stake in Hallmark Financial Services by 100.4% in the 2nd quarter. Intrepid Capital Management Inc. now owns 979,797 shares of the insurance provider’s stock valued at $9,778,000 after buying an additional 490,924 shares in the last quarter. Finally, Boston Partners grew its stake in Hallmark Financial Services by 1.9% in the 2nd quarter. Boston Partners now owns 475,600 shares of the insurance provider’s stock valued at $4,746,000 after buying an additional 8,800 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

About Hallmark Financial Services

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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