Hallmark Financial Services Inc. (NASDAQ:HALL) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Monday.

Separately, Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, August 16th.

Hallmark Financial Services (NASDAQ:HALL) traded up 0.58% on Monday, reaching $10.44. The company had a trading volume of 17,702 shares. Hallmark Financial Services has a 12 month low of $9.50 and a 12 month high of $13.29. The firm has a 50-day moving average of $10.45 and a 200-day moving average of $10.76. The stock has a market capitalization of $194.32 million, a P/E ratio of 13.02 and a beta of 0.84.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Hallmark Financial Services by 2.5% in the second quarter. Vanguard Group Inc. now owns 363,520 shares of the company’s stock valued at $4,213,000 after buying an additional 8,815 shares during the period. Hancock Holding Co. purchased a new position in shares of Hallmark Financial Services during the second quarter valued at $121,000. Dimensional Fund Advisors LP raised its position in shares of Hallmark Financial Services by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,510,971 shares of the company’s stock valued at $17,512,000 after buying an additional 4,304 shares during the period. Chartwell Investment Partners LLC purchased a new position in shares of Hallmark Financial Services during the second quarter valued at $5,974,000. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Hallmark Financial Services during the second quarter valued at $5,340,000. 61.82% of the stock is currently owned by institutional investors and hedge funds.

Hallmark Financial Services Company Profile

Hallmark Financial Services, Inc is an insurance holding company. The Company markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services.

5 Day Chart for NASDAQ:HALL

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