Hallmark Financial Services, Inc. (NASDAQ:HALL) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday.
According to Zacks, “HALLMARK FINANCIAL and its wholly owned subsidiaries engage in the sale of property and casualty insurance products. Their business primarily involves marketing, underwriting and premium financing of non-standard automobile insurance, as well as claims adjusting and other insurance related services. “
Separately, TheStreet upgraded shares of Hallmark Financial Services from a “c” rating to a “b-” rating in a report on Wednesday, June 28th.
Shares of Hallmark Financial Services (HALL) traded down 0.36% during mid-day trading on Monday, reaching $11.20. 11,671 shares of the company traded hands. The stock has a market capitalization of $206.65 million, a PE ratio of 33.23 and a beta of 0.82. The firm has a 50 day moving average of $10.80 and a 200-day moving average of $10.97. Hallmark Financial Services has a 52 week low of $9.71 and a 52 week high of $12.09.
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Several institutional investors have recently bought and sold shares of HALL. State Street Corp increased its position in Hallmark Financial Services by 4.4% in the fourth quarter. State Street Corp now owns 209,341 shares of the insurance provider’s stock valued at $2,435,000 after buying an additional 8,854 shares during the period. Dimensional Fund Advisors LP increased its position in Hallmark Financial Services by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,537,274 shares of the insurance provider’s stock valued at $17,878,000 after buying an additional 15,691 shares during the period. Renaissance Technologies LLC increased its position in Hallmark Financial Services by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 202,600 shares of the insurance provider’s stock valued at $2,356,000 after buying an additional 31,700 shares during the period. Franklin Resources Inc. increased its position in Hallmark Financial Services by 17.8% in the fourth quarter. Franklin Resources Inc. now owns 162,600 shares of the insurance provider’s stock valued at $1,891,000 after buying an additional 24,600 shares during the period. Finally, Teachers Advisors LLC increased its position in Hallmark Financial Services by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 38,509 shares of the insurance provider’s stock valued at $448,000 after buying an additional 2,414 shares during the period. Hedge funds and other institutional investors own 64.16% of the company’s stock.
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.
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