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

StockNews.com assumed coverage on shares of Hallmark Financial Services (NASDAQ:HALL) in a research report issued on Tuesday. The brokerage set a “hold” rating on the insurance provider’s stock.

Hallmark Financial Services Trading Down 9.3 %

HALL stock opened at $0.68 on Tuesday. Hallmark Financial Services has a twelve month low of $0.57 and a twelve month high of $6.92. The company’s 50 day moving average is $0.82 and its two-hundred day moving average is $1.27. The stock has a market cap of $1.42 million, a P/E ratio of -0.02 and a beta of 1.16.

Institutional Trading of Hallmark Financial Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in Hallmark Financial Services by 20.5% during the first quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider’s stock worth $449,000 after purchasing an additional 21,023 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Hallmark Financial Services in the 1st quarter valued at $292,000. Geode Capital Management LLC acquired a new position in shares of Hallmark Financial Services in the 1st quarter valued at $100,000. Virtu Financial LLC acquired a new position in shares of Hallmark Financial Services in the 1st quarter valued at $95,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Hallmark Financial Services in the 1st quarter valued at $48,000. Institutional investors and hedge funds own 5.62% of the company’s stock.

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.