Hallmark Financial Services (NASDAQ:HALL) was upgraded by investment analysts at TheStreet from a “c” rating to a “b” rating in a research report issued to clients and investors on Monday.

A number of other equities analysts have also commented on HALL. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a report on Thursday, July 19th. Boenning Scattergood reissued a “hold” rating on shares of Hallmark Financial Services in a report on Wednesday, August 8th. Raymond James reissued a “hold” rating and issued a $13.00 price target on shares of Hallmark Financial Services in a report on Monday, August 13th. Finally, ValuEngine raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.50.

NASDAQ HALL opened at $11.00 on Monday. Hallmark Financial Services has a 1 year low of $8.62 and a 1 year high of $11.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $196.12 million, a price-to-earnings ratio of -29.73 and a beta of 0.73.

Hallmark Financial Services (NASDAQ:HALL) last posted its earnings results on Friday, November 9th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Hallmark Financial Services had a net margin of 1.22% and a return on equity of 1.55%. The business had revenue of $94.62 million for the quarter, compared to analysts’ expectations of $96.34 million. As a group, research analysts forecast that Hallmark Financial Services will post 0.82 EPS for the current fiscal year.

Several large investors have recently modified their holdings of HALL. Boston Partners increased its holdings in shares of Hallmark Financial Services by 1.9% in the 2nd quarter. Boston Partners now owns 475,600 shares of the insurance provider’s stock worth $4,746,000 after buying an additional 8,800 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Hallmark Financial Services by 2.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 583,380 shares of the insurance provider’s stock worth $5,822,000 after buying an additional 16,600 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Hallmark Financial Services by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 289,900 shares of the insurance provider’s stock worth $2,893,000 after buying an additional 24,000 shares during the last quarter. Intrepid Capital Management Inc. increased its holdings in shares of Hallmark Financial Services by 100.4% in the 2nd quarter. Intrepid Capital Management Inc. now owns 979,797 shares of the insurance provider’s stock worth $9,778,000 after buying an additional 490,924 shares during the last quarter. Finally, Cove Street Capital LLC increased its holdings in shares of Hallmark Financial Services by 0.3% in the 2nd quarter. Cove Street Capital LLC now owns 1,691,533 shares of the insurance provider’s stock worth $16,881,000 after buying an additional 5,210 shares during the last quarter. 65.80% of the stock is currently owned by hedge funds and other institutional investors.

About Hallmark Financial Services

Hallmark Financial Services, Inc, through its subsidiaries, underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates in the Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment markets, underwrites, finances, and services commercial lines of insurance products, including commercial automobile, general liability, commercial property, commercial excess liability, and commercial umbrella insurance products.

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