Martingale Asset Management L P increased its holdings in Hallmark Financial Services, Inc. (NASDAQ:HALL) by 29.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,902 shares of the insurance provider’s stock after purchasing an additional 12,300 shares during the quarter. Martingale Asset Management L P owned approximately 0.29% of Hallmark Financial Services worth $608,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HALL. First Quadrant L P CA grew its stake in shares of Hallmark Financial Services by 542.4% in the second quarter. First Quadrant L P CA now owns 13,266 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 11,201 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Hallmark Financial Services by 102.7% in the second quarter. Bessemer Group Inc. now owns 15,000 shares of the insurance provider’s stock worth $169,000 after purchasing an additional 7,600 shares during the last quarter. Hancock Holding Co. grew its stake in shares of Hallmark Financial Services by 28.2% in the first quarter. Hancock Holding Co. now owns 15,672 shares of the insurance provider’s stock worth $173,000 after purchasing an additional 3,450 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew 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 purchasing an additional 130 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Hallmark Financial Services in the first quarter worth $212,000. 63.02% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on the stock. TheStreet cut shares of Hallmark Financial Services from a “b-” rating to a “c” rating in a research note on Friday, August 18th. Zacks Investment Research raised 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, Inc. (NASDAQ:HALL) opened at 11.51 on Tuesday. The company has a market cap of $209.21 million, a PE ratio of 117.45 and a beta of 0.85. Hallmark Financial Services, Inc. has a 52 week low of $9.71 and a 52 week high of $12.09. The company has a 50 day moving average of $10.88 and a 200 day moving average of $10.88.

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About Hallmark Financial Services

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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Institutional Ownership by Quarter for Hallmark Financial Services (NASDAQ:HALL)

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