TheStreet cut shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) from a b- rating to a c rating in a research report released on Friday morning.

Separately, Zacks Investment Research upgraded shares of Hallmark Financial Services from a strong sell rating to a hold rating in a research note on Monday, July 17th.

Shares of Hallmark Financial Services (NASDAQ HALL) opened at 11.03 on Friday. The stock’s 50 day moving average is $11.17 and its 200 day moving average is $10.94. The stock has a market capitalization of $200.48 million, a PE ratio of 112.55 and a beta of 0.82. Hallmark Financial Services has a 52 week low of $9.71 and a 52 week high of $12.09.

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Large investors have recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Hallmark Financial Services by 0.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,073 shares of the insurance provider’s stock worth $211,000 after buying an additional 130 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Hallmark Financial Services by 0.4% in the first quarter. Bank of America Corp DE now owns 123,508 shares of the insurance provider’s stock worth $1,364,000 after buying an additional 552 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Hallmark Financial Services by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 93,785 shares of the insurance provider’s stock worth $1,036,000 after buying an additional 1,041 shares during the last quarter. Northern Trust Corp increased its stake in shares of Hallmark Financial Services by 0.9% in the second quarter. Northern Trust Corp now owns 175,590 shares of the insurance provider’s stock worth $1,979,000 after buying an additional 1,584 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Hallmark Financial Services by 6.8% in the second quarter. Teachers Advisors LLC now owns 27,951 shares of the insurance provider’s stock worth $315,000 after buying an additional 1,769 shares during the last quarter. Hedge funds and other institutional investors own 65.59% of the company’s stock.

Hallmark Financial Services Company Profile

Hallmark Financial Services, Inc is an insurance holding company. The Company markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services.

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