Wall Street analysts expect Hallmark Financial Services, Inc. (NASDAQ:HALL) to post earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Hallmark Financial Services’ earnings. The highest EPS estimate is $0.25 and the lowest is $0.13. Hallmark Financial Services posted earnings per share of $0.21 in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.5%. The company is scheduled to announce its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that Hallmark Financial Services will report full year earnings of $0.70 per share for the current year, with EPS estimates ranging from $0.50 to $0.90. For the next fiscal year, analysts anticipate that the business will report earnings of $1.00 per share, with EPS estimates ranging from $0.95 to $1.05. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover Hallmark Financial Services.
Hallmark Financial Services (NASDAQ:HALL) last announced its quarterly earnings results on Monday, March 12th. The insurance provider reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.69). The firm had revenue of $97.29 million during the quarter, compared to analyst estimates of $97.87 million. Hallmark Financial Services had a negative net margin of 3.00% and a negative return on equity of 2.58%.
Shares of NASDAQ:HALL traded down $0.12 during mid-day trading on Friday, reaching $9.98. The stock had a trading volume of 5,723 shares, compared to its average volume of 32,103. Hallmark Financial Services has a twelve month low of $8.62 and a twelve month 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.
In other Hallmark Financial Services news, CEO Naveen Anand bought 10,600 shares of the stock in a transaction that occurred on Wednesday, March 14th. The stock was acquired at an average cost of $9.34 per share, with a total value of $99,004.00. Following the purchase, the chief executive officer now owns 70,900 shares in the company, valued at $662,206. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 28.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HALL. Chartwell Investment Partners LLC increased its stake in Hallmark Financial Services by 29.8% during the 4th quarter. Chartwell Investment Partners LLC now owns 504,596 shares of the insurance provider’s stock worth $5,263,000 after purchasing an additional 115,776 shares in the last quarter. Stone Ridge Asset Management LLC bought a new stake in Hallmark Financial Services during the 4th quarter worth approximately $305,000. Martingale Asset Management L P increased its stake in Hallmark Financial Services by 32.7% during the 4th quarter. Martingale Asset Management L P now owns 60,504 shares of the insurance provider’s stock worth $632,000 after purchasing an additional 14,911 shares in the last quarter. Bank of Montreal Can increased its stake in Hallmark Financial Services by 1.6% during the 4th quarter. Bank of Montreal Can now owns 711,918 shares of the insurance provider’s stock worth $7,425,000 after purchasing an additional 11,107 shares in the last quarter. Finally, Fenimore Asset Management Inc. grew its stake in shares of Hallmark Financial Services by 1.2% during the 4th quarter. Fenimore Asset Management Inc. now owns 667,963 shares of the insurance provider’s stock worth $6,967,000 after acquiring an additional 7,770 shares in the last quarter. 65.83% of the stock is owned by institutional investors and hedge funds.
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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