Hallmark Financial Services (NASDAQ:HALL) released 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. Hallmark Financial Services had a return on equity of 8.29% and a net margin of 7.65%. The company had revenue of $117.85 million during the quarter, compared to the consensus estimate of $117.45 million.
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NASDAQ:HALL traded up $1.11 on Friday, reaching $17.91. 170,200 shares of the stock traded hands, compared to its average volume of 73,831. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $302.66 million, a price-to-earnings ratio of 17.73 and a beta of 0.56. Hallmark Financial Services has a 1-year low of $9.48 and a 1-year high of $20.30. The company’s 50 day moving average is $18.45 and its 200-day moving average is $15.36.
In related news, CEO Naveen Anand bought 6,500 shares of Hallmark Financial Services stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $16.38 per share, with a total value of $106,470.00. Following the acquisition, the chief executive officer now directly owns 77,400 shares of the company’s stock, valued at $1,267,812. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 28.60% of the stock is owned by insiders.
HALL has been the subject of several recent research reports. Raymond James upped their price objective 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. BidaskClub downgraded Hallmark Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 26th. ValuEngine downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, 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 research note on Thursday, October 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.00.
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.
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