Boston Partners Buys 9,200 Shares of Hallmark Financial Services, Inc. (HALL)

Boston Partners boosted its stake in shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 466,800 shares of the insurance provider’s stock after buying an additional 9,200 shares during the quarter. Boston Partners owned approximately 2.58% of Hallmark Financial Services worth $4,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone Ridge Asset Management LLC bought a new position in shares of Hallmark Financial Services in the 4th quarter worth about $305,000. Deutsche Bank AG raised its position in shares of Hallmark Financial Services by 12.2% in the 4th quarter. Deutsche Bank AG now owns 55,876 shares of the insurance provider’s stock worth $581,000 after acquiring an additional 6,080 shares in the last quarter. Martingale Asset Management L P raised its position in shares of Hallmark Financial Services by 32.7% in the 4th quarter. Martingale Asset Management L P now owns 60,504 shares of the insurance provider’s stock worth $632,000 after acquiring an additional 14,911 shares in the last quarter. Chartwell Investment Partners LLC raised its position in shares of Hallmark Financial Services by 29.8% in the 4th quarter. Chartwell Investment Partners LLC now owns 504,596 shares of the insurance provider’s stock worth $5,263,000 after acquiring an additional 115,776 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Hallmark Financial Services by 40.6% in the 4th quarter. Wells Fargo & Company MN now owns 19,572 shares of the insurance provider’s stock worth $205,000 after acquiring an additional 5,651 shares in the last quarter. 65.90% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Jeffrey R. Passmore sold 18,498 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $9.94, for a total value of $183,870.12. Following the completion of the sale, the insider now directly owns 25,498 shares of the company’s stock, valued at approximately $253,450.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Naveen Anand bought 10,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The stock was purchased at an average cost of $9.34 per share, with a total value of $99,004.00. Following the completion of the transaction, the chief executive officer now directly owns 70,900 shares in the company, valued at $662,206. The disclosure for this purchase can be found here. Insiders own 28.70% of the company’s stock.

Several research firms have recently weighed in on HALL. Zacks Investment Research raised Hallmark Financial Services from a “sell” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday. Boenning Scattergood reissued a “hold” rating on shares of Hallmark Financial Services in a research report on Tuesday, March 13th. Finally, ValuEngine lowered Hallmark Financial Services from a “hold” rating to a “sell” rating in a research report on Saturday, March 17th.

Hallmark Financial Services opened at $9.88 on Friday, Marketbeat Ratings reports. Hallmark Financial Services, Inc. has a 1-year low of $10.20 and a 1-year high of $10.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $178.75 million, a PE ratio of -26.70 and a beta of 0.88.

Hallmark Financial Services (NASDAQ:HALL) last posted its quarterly earnings data on Tuesday, May 8th. The insurance provider reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Hallmark Financial Services had a negative return on equity of 2.45% and a negative net margin of 3.90%. The firm had revenue of $97.14 million during the quarter, compared to analyst estimates of $97.08 million. analysts expect that Hallmark Financial Services, Inc. will post 0.75 earnings per share for the current year.

Hallmark Financial Services Company Profile

Hallmark Financial Services, Inc, through its subsidiaries, underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates in the Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment markets, underwrites, finances, and services commercial lines of insurance products, including commercial automobile, general liability, commercial property, commercial excess liability, and commercial umbrella insurance products.

Institutional Ownership by Quarter for Hallmark Financial Services (NASDAQ:HALL)

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