SG Americas Securities LLC Buys New Position in Hallmark Financial Services, Inc. (HALL)

SG Americas Securities LLC acquired a new stake in shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 19,174 shares of the insurance provider’s stock, valued at approximately $212,000. SG Americas Securities LLC owned approximately 0.10% of Hallmark Financial Services as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in HALL. Dimensional Fund Advisors LP increased its position in Hallmark Financial Services by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,537,274 shares of the insurance provider’s stock valued at $17,878,000 after buying an additional 15,691 shares during the last quarter. Fenimore Asset Management Inc. boosted its stake in Hallmark Financial Services by 3.3% in the first quarter. Fenimore Asset Management Inc. now owns 658,193 shares of the insurance provider’s stock valued at $7,273,000 after buying an additional 21,221 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Hallmark Financial Services during the fourth quarter worth $4,849,000. Magnolia Group LLC boosted its position in shares of Hallmark Financial Services by 176.4% in the first quarter. Magnolia Group LLC now owns 278,293 shares of the insurance provider’s stock worth $3,075,000 after buying an additional 177,609 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Hallmark Financial Services by 4.4% in the fourth quarter. State Street Corp now owns 209,341 shares of the insurance provider’s stock worth $2,435,000 after buying an additional 8,854 shares during the last quarter. 64.17% of the stock is owned by hedge funds and other institutional investors.

Shares of Hallmark Financial Services, Inc. (HALL) traded up 0.81% during trading on Friday, reaching $11.15. The company’s stock had a trading volume of 5,657 shares. The stock has a market capitalization of $205.73 million, a price-to-earnings ratio of 33.09 and a beta of 0.83. The company’s 50-day moving average price is $11.30 and its 200 day moving average price is $10.93. Hallmark Financial Services, Inc. has a 1-year low of $9.71 and a 1-year high of $12.09.

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Several research analysts have commented on the company. TheStreet raised Hallmark Financial Services from a “c” rating to a “b-” rating in a research report on Wednesday, June 28th. Zacks Investment Research raised Hallmark Financial Services from a “strong sell” rating to a “hold” rating in a research report on Monday, July 17th.

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.

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

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