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.

Hallmark Financial Services (HALL) traded up $0.02 during trading on Thursday, hitting $9.90. The company’s stock had a trading volume of 6,643 shares, compared to its average volume of 30,615. Hallmark Financial Services has a twelve month low of $9.42 and a twelve month high of $11.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.43 and a quick ratio of 0.43.

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.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2018/02/13/zacks-hallmark-financial-services-inc-hall-given-consensus-recommendation-of-hold-by-brokerages.html.

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.

Get a free copy of the Zacks research report on Hallmark Financial Services (HALL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hallmark Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hallmark Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.