Hallmark Financial Services (NASDAQ:HALL) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Hallmark Financial Services (NASDAQ:HALL) issued its quarterly earnings data on Thursday. The insurance provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.02, Fidelity Earnings reports. The business had revenue of $117.85 million during the quarter, compared to analysts’ expectations of $117.45 million. Hallmark Financial Services had a return on equity of 8.29% and a net margin of 7.65%.

Shares of Hallmark Financial Services stock traded up $1.11 on Friday, hitting $17.91. The company’s stock had a trading volume of 170,200 shares, compared to its average volume of 73,831. Hallmark Financial Services has a 1 year low of $9.48 and a 1 year high of $20.30. The company has a market capitalization of $302.66 million, a price-to-earnings ratio of 17.73 and a beta of 0.56. The firm has a fifty day moving average price of $18.45 and a 200-day moving average price of $15.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.51 and a current ratio of 0.51.

HALL has been the subject of several analyst reports. Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, October 31st. ValuEngine lowered Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub lowered Hallmark Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 26th. Finally, Raymond James lifted their price target on Hallmark Financial Services from $15.00 to $18.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.00.

In other Hallmark Financial Services news, CEO Naveen Anand acquired 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of $16.38 per share, for a total transaction of $106,470.00. Following the completion of the acquisition, the chief executive officer now owns 77,400 shares of the company’s stock, valued at approximately $1,267,812. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 28.60% of the company’s stock.

About Hallmark Financial Services

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.

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Earnings History for Hallmark Financial Services (NASDAQ:HALL)

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