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, topping 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 firm had revenue of $117.85 million during the quarter, compared to the consensus estimate of $117.45 million.

HALL traded up $1.11 during trading 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 twelve month low of $9.48 and a twelve month high of $20.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market cap of $302.66 million, a PE ratio of 17.73 and a beta of 0.56. The firm’s 50 day moving average price is $18.45 and its 200-day moving average price is $15.36.

In other news, CEO Naveen Anand acquired 6,500 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of $16.38 per share, for a total transaction of $106,470.00. Following the acquisition, the chief executive officer now directly owns 77,400 shares of the company’s stock, valued at approximately $1,267,812. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 28.60% of the company’s stock.

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

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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