Hallmark Financial Services (NASDAQ:HALL) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Hallmark Financial Services (NASDAQ:HALL) in a research report issued on Monday. The brokerage set a “hold” rating on the insurance provider’s stock.

Hallmark Financial Services Stock Up 14.1 %

Shares of Hallmark Financial Services stock opened at $0.80 on Monday. The stock has a market capitalization of $1.67 million, a price-to-earnings ratio of -0.02 and a beta of 1.17. Hallmark Financial Services has a twelve month low of $0.57 and a twelve month high of $7.22. The company has a 50-day simple moving average of $0.83 and a two-hundred day simple moving average of $1.32.

Institutional Investors Weigh In On Hallmark Financial Services

Several institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new position in Hallmark Financial Services in the 2nd quarter valued at $31,000. Acadian Asset Management LLC acquired a new stake in shares of Hallmark Financial Services during the 1st quarter worth $48,000. Geode Capital Management LLC bought a new position in shares of Hallmark Financial Services in the first quarter worth $100,000. Renaissance Technologies LLC raised its stake in Hallmark Financial Services by 20.5% in the first quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider’s stock valued at $449,000 after purchasing an additional 21,023 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Hallmark Financial Services during the first quarter worth about $95,000. 5.62% of the stock is currently owned by institutional investors.

Hallmark Financial Services Company Profile

Hallmark Financial Services, Inc underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Runoff. The Commercial Lines segment offers commercial property/casualty insurance products, including general liability, commercial automobile, commercial property, umbrella, commercial multi-peril, and business owners' insurance products, as well as aircraft and aircraft liability products.