Stock analysts at StockNews.com started coverage on shares of Hallmark Financial Services (NASDAQ:HALL – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the insurance provider’s stock.
Hallmark Financial Services Stock Down 1.4 %
Hallmark Financial Services stock opened at $6.51 on Thursday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $11.85 million, a price-to-earnings ratio of -0.11 and a beta of 1.12. Hallmark Financial Services has a 1-year low of $4.21 and a 1-year high of $37.40. The business has a fifty day moving average price of $8.73 and a 200-day moving average price of $48.10.
Institutional Trading of Hallmark Financial Services
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HALL. Point72 Asset Management L.P. purchased a new stake in Hallmark Financial Services during the 2nd quarter worth approximately $31,000. Acadian Asset Management LLC acquired a new position in Hallmark Financial Services in the first quarter valued at approximately $48,000. Virtu Financial LLC acquired a new position in Hallmark Financial Services in the first quarter valued at approximately $95,000. Group One Trading L.P. acquired a new position in Hallmark Financial Services in the third quarter valued at approximately $41,000. Finally, Renaissance Technologies LLC lifted its holdings in Hallmark Financial Services by 20.5% in the first quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider’s stock valued at $449,000 after acquiring an additional 21,023 shares during the last quarter. Institutional investors and hedge funds own 14.13% of the company’s stock.
About Hallmark Financial Services
Hallmark Financial Services, Inc is a holding company, which engages in the provision of insurance products. It operates through the following segments: Specialty Commercial, Standard Commercial, and Personal. The Specialty Commercial segment includes the commercial auto, excess and surplus (E&S) casualty, E&S property, professional liability, and aerospace and programs business units.
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