FY2021 EPS Estimates for Hallmark Financial Services, Inc. Boosted by Analyst (NASDAQ:HALL)

Hallmark Financial Services, Inc. (NASDAQ:HALL) – Equities researchers at Boenning Scattergood lifted their FY2021 EPS estimates for Hallmark Financial Services in a research report issued to clients and investors on Monday, November 22nd. Boenning Scattergood analyst R. Farnam now expects that the insurance provider will earn $0.25 per share for the year, up from their previous estimate of ($0.05). Boenning Scattergood also issued estimates for Hallmark Financial Services’ Q4 2021 earnings at $0.01 EPS, Q2 2022 earnings at $0.03 EPS, Q3 2022 earnings at $0.08 EPS, Q4 2022 earnings at $0.11 EPS, FY2022 earnings at $0.30 EPS and FY2023 earnings at $0.60 EPS.

Hallmark Financial Services (NASDAQ:HALL) last released its quarterly earnings results on Monday, November 15th. The insurance provider reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.31. Hallmark Financial Services had a negative return on equity of 2.76% and a net margin of 1.43%.

Separately, Zacks Investment Research raised Hallmark Financial Services from a “sell” rating to a “hold” rating and set a $4.75 price target for the company in a research report on Friday, November 19th.

HALL opened at $4.21 on Wednesday. The firm has a market cap of $76.50 million, a price-to-earnings ratio of 12.03 and a beta of 1.35. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59. Hallmark Financial Services has a 12 month low of $3.13 and a 12 month high of $5.70. The stock has a fifty day moving average price of $3.73 and a 200-day moving average price of $4.14.

A number of institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. boosted its stake in shares of Hallmark Financial Services by 21.3% in the third quarter. Advisor Group Holdings Inc. now owns 18,200 shares of the insurance provider’s stock worth $67,000 after buying an additional 3,200 shares during the last quarter. Millennium Management LLC boosted its position in Hallmark Financial Services by 15.8% during the second quarter. Millennium Management LLC now owns 31,914 shares of the insurance provider’s stock worth $142,000 after purchasing an additional 4,350 shares in the last quarter. Squarepoint Ops LLC boosted its position in Hallmark Financial Services by 10.1% during the second quarter. Squarepoint Ops LLC now owns 59,002 shares of the insurance provider’s stock worth $263,000 after purchasing an additional 5,395 shares in the last quarter. Two Sigma Advisers LP boosted its position in Hallmark Financial Services by 4.0% during the third quarter. Two Sigma Advisers LP now owns 160,700 shares of the insurance provider’s stock worth $587,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Morgan Stanley boosted its position in Hallmark Financial Services by 23.5% during the second quarter. Morgan Stanley now owns 33,184 shares of the insurance provider’s stock worth $148,000 after purchasing an additional 6,308 shares in the last quarter. Institutional investors and hedge funds own 24.87% of the company’s stock.

About Hallmark Financial Services

Hallmark Financial Services, Inc is a holding company, which engages in the provision of insurance products. It operates through the following segments: Specialty Commercial, Standard Commercial, and Personal. The Specialty Commercial segment includes the commercial auto; excess and surplus (E&S) casualty; E&S property; professional liability; and aerospace and programs business units.

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Earnings History and Estimates for Hallmark Financial Services (NASDAQ:HALL)

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