Hallmark Financial Services, Inc. (NASDAQ:HALL) CEO Naveen Anand bought 10,600 shares of Hallmark Financial Services stock in a transaction dated Wednesday, March 14th. The shares were acquired at an average cost of $9.34 per share, with a total value of $99,004.00. Following the completion of the purchase, the chief executive officer now owns 70,900 shares in the company, valued at $662,206. The acquisition was disclosed in a filing with the SEC, which is available through this link.
NASDAQ HALL opened at $9.01 on Friday. Hallmark Financial Services, Inc. has a one year low of $8.62 and a one year high of $11.83. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.34.
Several research analysts have recently weighed in on the company. Zacks Investment Research raised Hallmark Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. ValuEngine downgraded Hallmark Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, March 17th. Finally, Boenning Scattergood began coverage on Hallmark Financial Services in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in shares of Hallmark Financial Services by 73.3% in the 3rd quarter. Wells Fargo & Company MN now owns 13,921 shares of the insurance provider’s stock worth $161,000 after acquiring an additional 5,889 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Hallmark Financial Services during the 2nd quarter worth $190,000. Stone Ridge Asset Management LLC purchased a new position in shares of Hallmark Financial Services during the 4th quarter worth $305,000. Teachers Advisors LLC grew its holdings in shares of Hallmark Financial Services by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 27,951 shares of the insurance provider’s stock worth $315,000 after purchasing an additional 1,769 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of Hallmark Financial Services by 12.2% during the 4th quarter. Deutsche Bank AG now owns 55,876 shares of the insurance provider’s stock worth $581,000 after purchasing an additional 6,080 shares during the period. 65.84% of the stock is owned by hedge funds and other institutional investors.
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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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