Zacks: Hallmark Financial Services, Inc. (HALL) Given Consensus Recommendation of “Hold” by Brokerages
Hallmark Financial Services, Inc. (NASDAQ:HALL) has earned a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Zacks has also given Hallmark Financial Services an industry rank of 41 out of 265 based on the ratings given to its competitors.
A number of research firms have commented on HALL. Zacks Investment Research lowered Hallmark Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Boenning Scattergood began coverage on Hallmark Financial Services in a report on Tuesday, January 9th. They issued a “neutral” rating for the company.
Several hedge funds have recently added to or reduced their stakes in HALL. Alliancebernstein L.P. boosted its stake in shares of Hallmark Financial Services by 11.2% in the 2nd quarter. Alliancebernstein L.P. now owns 18,800 shares of the insurance provider’s stock worth $212,000 after buying an additional 1,900 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Hallmark Financial Services by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 27,951 shares of the insurance provider’s stock worth $315,000 after buying an additional 1,769 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Hallmark Financial Services in the 2nd quarter worth $190,000. Northern Trust Corp boosted its stake in shares of Hallmark Financial Services by 0.9% in the 2nd quarter. Northern Trust Corp now owns 175,590 shares of the insurance provider’s stock worth $1,979,000 after buying an additional 1,584 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Hallmark Financial Services by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 386,596 shares of the insurance provider’s stock worth $4,357,000 after buying an additional 2,031 shares during the last quarter. Hedge funds and other institutional investors own 64.23% of the company’s stock.
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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.
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