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

StockNews.com initiated coverage on shares of Hallmark Financial Services (NASDAQ:HALL) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Hallmark Financial Services Price Performance

NASDAQ:HALL opened at $0.74 on Tuesday. The firm has a market capitalization of $1.55 million, a P/E ratio of -0.02 and a beta of 1.16. Hallmark Financial Services has a one year low of $0.57 and a one year high of $6.92. The company’s 50-day simple moving average is $0.81 and its 200 day simple moving average is $1.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC bought a new stake in Hallmark Financial Services in the first quarter worth $100,000. Dimensional Fund Advisors LP bought a new position in Hallmark Financial Services in the 1st quarter worth about $292,000. Point72 Asset Management L.P. bought a new position in Hallmark Financial Services in the 2nd quarter worth about $31,000. Virtu Financial LLC purchased a new stake in Hallmark Financial Services during the 1st quarter valued at about $95,000. Finally, Renaissance Technologies LLC increased its stake in Hallmark Financial Services by 20.5% during the 1st 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. Institutional investors own 5.62% of the company’s stock.

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.