StockNews.com Initiates Coverage on Hallmark Financial Services (NASDAQ:HALL)

Analysts at StockNews.com assumed coverage on shares of Hallmark Financial Services (NASDAQ:HALLGet Free Report) in a research note issued to investors on Sunday. The firm set a “hold” rating on the insurance provider’s stock.

Hallmark Financial Services Price Performance

Shares of HALL opened at $0.72 on Friday. The stock has a market capitalization of $1.50 million, a P/E ratio of -0.02 and a beta of 1.17. The firm has a fifty day simple moving average of $0.85 and a two-hundred day simple moving average of $1.37. Hallmark Financial Services has a twelve month low of $0.57 and a twelve month high of $8.25.

Institutional Investors Weigh In On Hallmark Financial Services

Several institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new stake in shares of Hallmark Financial Services in the 2nd quarter worth about $31,000. Acadian Asset Management LLC purchased a new stake in shares of Hallmark Financial Services in the 1st quarter worth about $48,000. Geode Capital Management LLC purchased a new stake in shares of Hallmark Financial Services in the 1st quarter worth about $100,000. Renaissance Technologies LLC lifted its position in shares of Hallmark Financial Services by 20.5% in the 1st quarter. Renaissance Technologies LLC now owns 123,613 shares of the insurance provider’s stock worth $449,000 after purchasing an additional 21,023 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Hallmark Financial Services in the 1st quarter worth about $95,000. 5.62% of the stock is owned by hedge funds and other institutional investors.

Hallmark Financial Services Company Profile

(Get Free Report)

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.

Further Reading

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