Russell Investments Group Ltd. Increases Position in Hallmark Financial Services, Inc. (HALL)

Russell Investments Group Ltd. grew its stake in shares of Hallmark Financial Services, Inc. (NASDAQ:HALL) by 53.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 683,080 shares of the insurance provider’s stock after buying an additional 238,254 shares during the period. Russell Investments Group Ltd. owned 3.76% of Hallmark Financial Services worth $7,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. increased its position in shares of Hallmark Financial Services by 102.7% during the second quarter. Bessemer Group Inc. now owns 15,000 shares of the insurance provider’s stock valued at $169,000 after buying an additional 7,600 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Hallmark Financial Services during the second quarter valued at about $190,000. Hancock Holding Co. increased its position in shares of Hallmark Financial Services by 12.1% during the second quarter. Hancock Holding Co. now owns 17,572 shares of the insurance provider’s stock valued at $198,000 after buying an additional 1,900 shares during the period. Alliancebernstein L.P. increased its position in shares of Hallmark Financial Services by 11.2% during the second quarter. Alliancebernstein L.P. now owns 18,800 shares of the insurance provider’s stock valued at $212,000 after buying an additional 1,900 shares during the period. Finally, Teachers Advisors LLC increased its position in shares of Hallmark Financial Services by 6.8% during the second quarter. Teachers Advisors LLC now owns 27,951 shares of the insurance provider’s stock valued at $315,000 after buying an additional 1,769 shares during the period. Hedge funds and other institutional investors own 64.97% of the company’s stock.

Separately, TheStreet cut Hallmark Financial Services from a “b-” rating to a “c” rating in a research report on Friday, August 18th.

Shares of Hallmark Financial Services, Inc. (HALL) opened at $10.52 on Friday. Hallmark Financial Services, Inc. has a 52-week low of $9.91 and a 52-week high of $12.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.43 and a current ratio of 0.43.

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Hallmark Financial Services 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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