First Trust Advisors LP reduced its stake in shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) by 26.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,182 shares of the insurance provider’s stock after selling 4,052 shares during the period. First Trust Advisors LP owned approximately 0.06% of Hallmark Financial Services worth $124,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its position in shares of Hallmark Financial Services by 17.8% in the fourth quarter. Franklin Resources Inc. now owns 162,600 shares of the insurance provider’s stock worth $1,891,000 after buying an additional 24,600 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Hallmark Financial Services by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 202,600 shares of the insurance provider’s stock worth $2,356,000 after buying an additional 31,700 shares in the last quarter. Fenimore Asset Management Inc. increased its position in shares of Hallmark Financial Services by 3.3% in the first quarter. Fenimore Asset Management Inc. now owns 658,193 shares of the insurance provider’s stock worth $7,273,000 after buying an additional 21,221 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hallmark Financial Services by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,537,274 shares of the insurance provider’s stock worth $17,878,000 after buying an additional 15,691 shares in the last quarter. Finally, State Street Corp increased its position in shares of Hallmark Financial Services by 4.4% in the fourth quarter. State Street Corp now owns 209,341 shares of the insurance provider’s stock worth $2,435,000 after buying an additional 8,854 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

Hallmark Financial Services, Inc. (NASDAQ HALL) traded up 1.36% on Friday, reaching $11.17. 19,109 shares of the company traded hands. Hallmark Financial Services, Inc. has a 52-week low of $9.71 and a 52-week high of $12.09. The stock has a market capitalization of $206.10 million, a price-to-earnings ratio of 33.15 and a beta of 0.82. The firm has a 50 day moving average price of $11.30 and a 200 day moving average price of $10.92.

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HALL has been the topic of a number of research reports. TheStreet raised shares of Hallmark Financial Services from a “c” rating to a “b-” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded shares of Hallmark Financial Services from a “strong sell” rating to a “hold” rating in a report on Monday, July 17th.

About Hallmark Financial Services

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.

Institutional Ownership by Quarter for Hallmark Financial Services (NASDAQ:HALL)

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