Hallmark Financial Services (NASDAQ:HALL) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Hallmark Financial Services (NASDAQ:HALL) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the insurance provider’s stock.

Hallmark Financial Services Price Performance

Shares of Hallmark Financial Services stock opened at $0.70 on Tuesday. The business’s fifty day moving average price is $0.81 and its two-hundred day moving average price is $1.26. The company has a market capitalization of $1.47 million, a P/E ratio of -0.02 and a beta of 1.16. Hallmark Financial Services has a 1-year low of $0.57 and a 1-year high of $6.92.

Institutional Trading of Hallmark Financial Services

Several hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new stake in shares of Hallmark Financial Services in the 2nd quarter worth $31,000. Acadian Asset Management LLC bought a new stake in shares of Hallmark Financial Services in the 1st quarter worth $48,000. Geode Capital Management LLC bought a new stake in shares of Hallmark Financial Services in the 1st quarter worth $100,000. Renaissance Technologies LLC raised its stake 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 buying an additional 21,023 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Hallmark Financial Services in the 1st quarter worth $95,000. Institutional investors own 5.62% of the company’s stock.

About Hallmark Financial Services

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.