Hallmark Financial Services, Inc. (NASDAQ:HALL) – Equities researchers at Boenning Scattergood issued their FY2017 earnings per share estimates for shares of Hallmark Financial Services in a research note issued to investors on Monday. Boenning Scattergood analyst R. Farnam expects that the insurance provider will post earnings of $0.02 per share for the year. Boenning Scattergood has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Hallmark Financial Services’ Q4 2017 earnings at $0.10 EPS, Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.65 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.10 EPS.
Separately, Zacks Investment Research upgraded Hallmark Financial Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd.
A number of large investors have recently made changes to their positions in the business. Roumell Asset Management LLC grew its position in Hallmark Financial Services by 23.1% in the third quarter. Roumell Asset Management LLC now owns 177,327 shares of the insurance provider’s stock valued at $2,059,000 after acquiring an additional 33,227 shares during the period. Wells Fargo & Company MN grew its position in Hallmark Financial Services by 73.3% in the third quarter. Wells Fargo & Company MN now owns 13,921 shares of the insurance provider’s stock valued at $161,000 after acquiring an additional 5,889 shares during the period. Russell Investments Group Ltd. grew its position in Hallmark Financial Services by 53.6% in the third quarter. Russell Investments Group Ltd. now owns 683,080 shares of the insurance provider’s stock valued at $7,930,000 after acquiring an additional 238,254 shares during the period. Boston Partners grew its position in Hallmark Financial Services by 121.7% in the third quarter. Boston Partners now owns 457,600 shares of the insurance provider’s stock valued at $5,313,000 after acquiring an additional 251,200 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Hallmark Financial Services by 161.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 28,986 shares of the insurance provider’s stock valued at $327,000 after acquiring an additional 17,886 shares during the period. Hedge funds and other institutional investors own 64.97% of the company’s stock.
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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