Hallmark Financial Services, Inc. (HALL) Upgraded to “Hold” by Zacks Investment Research

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, July 17th.

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 research report on Wednesday, June 28th.

Hallmark Financial Services (NASDAQ HALL) opened at 10.71 on Monday. The company has a market cap of $194.66 million, a PE ratio of 109.29 and a beta of 0.82. Hallmark Financial Services has a 52 week low of $9.71 and a 52 week high of $12.09. The company has a 50-day moving average price of $11.22 and a 200 day moving average price of $10.93.

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Hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Hallmark Financial Services by 0.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,073 shares of the insurance provider’s stock valued at $211,000 after buying an additional 130 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Hallmark Financial Services by 0.4% in the first quarter. Bank of America Corp DE now owns 123,508 shares of the insurance provider’s stock valued at $1,364,000 after buying an additional 552 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Hallmark Financial Services by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 93,785 shares of the insurance provider’s stock valued at $1,036,000 after buying an additional 1,041 shares in the last quarter. Northern Trust Corp increased its stake in shares of Hallmark Financial Services by 0.9% in the second quarter. Northern Trust Corp now owns 175,590 shares of the insurance provider’s stock valued at $1,979,000 after buying an additional 1,584 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in Hallmark Financial Services by 6.8% in the second quarter. Teachers Advisors LLC now owns 27,951 shares of the insurance provider’s stock worth $315,000 after buying an additional 1,769 shares during the period. Hedge funds and other institutional investors own 64.58% of the company’s stock.

Hallmark Financial Services Company Profile

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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