Hallmark Financial Services Inc. (HALL) Stock Price Down 3.7%
Hallmark Financial Services Inc. (NASDAQ:HALL) dropped 3.7% on Thursday . The company traded as low as $10.03 and last traded at $10.10, with a volume of 52,030 shares trading hands. The stock had previously closed at $10.49.
HALL has been the topic of a number of research reports. Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “strong sell” rating in a research report on Tuesday, May 17th. TheStreet downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th.
The firm’s 50 day moving average price is $10.90 and its 200-day moving average price is $10.76. The stock has a market cap of $187.99 million and a price-to-earnings ratio of 12.59.
In related news, CEO Naveen Anand bought 10,300 shares of the firm’s stock in a transaction on Thursday, June 2nd. The stock was acquired at an average cost of $9.84 per share, for a total transaction of $101,352.00. Following the purchase, the chief executive officer now owns 60,300 shares in the company, valued at $593,352. The acquisition was disclosed in a filing with the SEC, which is available through this link.
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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