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Last $11.65 USD
Change Today -0.03 / -0.26%
Volume 24.5K
HALL On Other Exchanges
Symbol
Exchange
NASDAQ GM
Berlin
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

hallmark finl services inc (HALL) Snapshot

Open
$11.70
Previous Close
$11.68
Day High
$11.76
Day Low
$11.58
52 Week High
01/5/15 - $12.67
52 Week Low
08/4/14 - $8.66
Market Cap
224.6M
Average Volume 10 Days
17.2K
EPS TTM
$0.72
Shares Outstanding
19.3M
EX-Date
--
P/E TM
16.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for HALLMARK FINL SERVICES INC (HALL)

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hallmark finl services inc (HALL) Details

Hallmark Financial Services, Inc., an insurance holding company, markets, distributes, underwrites, and services property/casualty insurance products to businesses and individuals in the United States. The company operates in the Standard Commercial, Specialty Commercial, and Personal segments. The Standard Commercial segment offers standard commercial lines insurance primarily in the non-urban areas of Texas, New Mexico, Idaho, Oregon, Montana, Washington, Utah, Wyoming, Arkansas, Hawaii, and Missouri. Its products include commercial automobile, general liability, umbrella, commercial property, commercial multi-peril, business owners, and occupational accident insurance products. This segment also provides workers compensation insurance in Texas and Montana. The Specialty Commercial segment markets, underwrites, finances, and services commercial lines insurance. Its commercial insurance products consists of commercial automobile, general liability, commercial property, commercial excess liability, and commercial umbrella insurance products. This segment also offers general aviation property/casualty insurance, such as aircraft insurance, airport liability insurance, and satellite launch insurance products, as well as provides medical professional liability insurance products. The Personal segment offers personal automobile and renters insurance products. The company markets its insurance products through independent general agents, retail agents, and specialty brokers. Hallmark Financial Services, Inc. was founded in 1987 and is headquartered in Fort Worth, Texas.

393 Employees
Last Reported Date: 03/12/15
Founded in 1987

hallmark finl services inc (HALL) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $267.8K
Executive Chairman
Total Annual Compensation: $195.0K
Principal Financial Officer, Chief Accounting...
Total Annual Compensation: $268.8K
Executive Vice President, President of Person...
Total Annual Compensation: $387.3K
Compensation as of Fiscal Year 2014.

hallmark finl services inc (HALL) Key Developments

Hallmark Financial Services, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Hallmark Financial Services Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Gross premiums written were $125.1 million against $116.1 million last year. Net premiums written were $90.4 million against $82.9 million last year. Total revenues were $91.5 million against $87.1 million last year. Income before tax was $7.7 million against $6.4 million last year. Net income was $5.3 million or $0.28 per basic and diluted share against $4.5 million or $0.23 per diluted share last year. Book value per share was $13.62 against $12.54 at March 31, 2014. Cash flow from operations were $3.7 million for the quarter against $5.1 million last year. The increase in revenue was primarily attributable to higher net earned premiums in the Personal Segment, due mostly to an increase in retained premium under a renewed quota share reinsurance agreement effective October 1, 2014, as well as increased premiums produced in the E&S Commercial business unit. Further contributing to the increased Revenues were higher realized gains recognized on the company’s investment portfolio and lower adverse profit share commission revenue adjustments in the Standard Commercial Segment during the three months ended March 31, 2015 as compared to the same period of 2014. These increases in Revenues were partially offset by lower net investment income during the three months ended March 31, 2015 as compared to the same period of 2014. The increase in revenue for the three months ended March 31, 2015 was partially offset by increased loss and loss adjustment expenses (LAE) of $3.3 million as compared to the same period in 2014.  The increase in loss and LAE was primarily the result of an increase in retained losses in the Personal Lines Segment under the renewed quota share reinsurance agreement discussed above.

Hallmark Financial Services Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Hallmark Financial Services Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company announced gross premiums written of $109,973,000 compared to $108,749,000 for the same period a year ago. Net premiums written was $83,703,000 compared to $64,435,000 for the same period a year ago. Net premiums earned were $83,447,000 compared to $83,757,000 for the same period a year ago. Total revenues were $88,004,000 compared to $88,375,000 for the same period a year ago. Income before tax was $5,600,000 compared to $4,762,000 for the same period a year ago. Net income was $3,767,000 compared to $3,428,000 for the same period a year ago. Diluted earnings per share were $0.19 against $0.18 per share a year ago. Cash flow from operations was $11,974,000 compared to $14,818,000 for the same period a year ago. For the full year, the company announced gross premiums written of $473,218,000 compared to $460,027,000 for the same period a year ago. Net premiums written was $324,352,000 compared to $360,765,000 for the same period a year ago. Net premiums earned were $321,217,000 compared to $360,541,000 for the same period a year ago. Total revenues were $337,366,000 compared to $389,428,000 for the same period a year ago. Income before tax was $18,782,000 compared to $11,080,000 for the same period a year ago. Net income was $13,429,000 compared to $8,245,000 for the same period a year ago. Net income attributable to the company was $13,429,000 or $0.69 per basic and diluted share compared to $8,425,000 or $0.43 per basic and diluted share for the same period a year ago. Book value per share was $13.11 as on December 31, 2014 compared to $12.36 as on December 31, 2013. Cash flow from operations was $33,684,000 compared to $68,388,000 for the same period a year ago. The decrease in revenue for the year ended December 31, 2014 was offset by decreased loss and LAE of $51.3 million as compared to the same period of 2013.

Hallmark Financial Services Inc. Presents at NYSSA 19th Annual Insurance Conference, Mar-16-2015 10:40 AM

Hallmark Financial Services Inc. Presents at NYSSA 19th Annual Insurance Conference, Mar-16-2015 10:40 AM. Venue: NYSSA Conference Center, 1540 Broadway, New York, New York, United States. Speakers: Mark E. Schwarz, Executive Chairman, Naveen Anand, Chief Executive Officer and President.

 

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Industry Analysis

HALL

Industry Average

Valuation HALL Industry Range
Price/Earnings 15.9x
Price/Sales 0.7x
Price/Book 0.9x
Price/Cash Flow 13.4x
TEV/Sales 0.1x
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