$85.15 million in gross sales anticipated for Hallmark Monetary Providers, Inc. (NASDAQ:HALL) this quarter


Brokerages anticipate Hallmark Monetary Providers, Inc. (NASDAQ: HALLGet a score) will put up gross sales of $85.15 million for the present quarter, Zacks studies. Two analysts have made earnings estimates for Hallmark Monetary Providers, with estimates starting from $81.99 million to $88.30 million. Hallmark Monetary Providers reported gross sales of $101.23 million in the identical quarter final 12 months, suggesting a damaging 15.9% year-over-year progress price. The corporate is predicted to launch its subsequent quarterly outcomes on Monday, January 1.

On common, analysts anticipate Hallmark Monetary Providers to report annual income of $340.35 million for the present 12 months, with estimates starting from $324.20 million to $356.50. thousands and thousands of {dollars}. For the subsequent fiscal 12 months, analysts anticipate the corporate to put up gross sales of $335.34 million, with estimates starting from $297.57 million to $373.10 million. Zacks Funding Analysis gross sales averages are a median based mostly on a survey of analysts who present protection for Hallmark Monetary Providers.

Hallmark Monetary Providers (NASDAQ: HALLGet a score) final launched its quarterly earnings information on Thursday, Might 12. The insurance coverage supplier reported ($0.18) earnings per share for the quarter, lacking the consensus estimate of $0.10 per ($0.28). Hallmark Monetary Providers posted a damaging return on fairness of three.62% and a damaging internet margin of 0.74%. The corporate posted income of $84.64 million for the quarter, versus analyst estimates of $97.47 million.

A number of fairness analysis analysts have not too long ago weighed in on HALL shares. Zacks Funding Analysis minimize shares of Hallmark Monetary Providers from a “held” score to a “sturdy promote” score in a Thursday, March 24 analysis report. StockNews.com launched a hedge on shares of Hallmark Monetary Providers in a report on Saturday, Might 21. They issued a “sustaining” score for the corporate.

HALL opened at $2.73 on Thursday. Hallmark Monetary Providers has a 12-month low of $2.57 and a 12-month excessive of $5.70. The corporate has a fast ratio of 0.70, a present ratio of 0.70 and a debt ratio of 0.62. The corporate has a fifty-day transferring common of $3.36 and a 200-day transferring common of $3.88. The inventory has a market capitalization of $49.66 million, a PE ratio of -17.06 and a beta of 1.23.

Numerous massive buyers have not too long ago purchased and bought shares of the corporate. BlackRock Inc. elevated its stake in Hallmark Monetary Providers by 2.1% within the fourth quarter. BlackRock Inc. now owns 265,433 shares of the insurance coverage supplier value $1,155,000 after buying an extra 5,470 shares throughout the interval. Two Sigma Advisers LP elevated its holdings of Hallmark Monetary Providers inventory by 4.0% throughout the third quarter. Two Sigma Advisers LP now owns 160,700 shares of the insurance coverage supplier valued at $587,000 after shopping for an extra 6,200 shares within the final quarter. Geode Capital Administration LLC elevated its holdings of Hallmark Monetary Providers inventory by 5.2% throughout the third quarter. Geode Capital Administration LLC now owns 148,861 shares of the insurance coverage supplier valued at $543,000 after buying an extra 7,387 shares within the final quarter. Renaissance Applied sciences LLC elevated its holdings of Hallmark Monetary Providers inventory by 20.5% within the first quarter. Renaissance Applied sciences LLC now owns 123,613 shares of the insurance coverage supplier valued at $449,000 after buying an extra 21,023 shares within the final quarter. Lastly, Northern Belief Corp elevated its holdings of Hallmark Monetary Providers shares by 15.3% throughout the fourth quarter. Northern Belief Corp now owns 45,093 shares of the insurance coverage supplier valued at $196,000 after shopping for an extra 5,976 shares within the final quarter. Institutional buyers and hedge funds personal 19.12% of the corporate’s shares.

About Hallmark Monetary Providers (Get a score)

Hallmark Monetary Providers, Inc underwrites, markets, distributes and providers property and casualty insurance coverage merchandise to companies and people in america. The Firm operates by way of Specialty Industrial, Customary Industrial and Private segments. The Specialty Industrial section affords main and extra insurance coverage services for industrial automobiles; main and extra legal responsibility, extra legal responsibility of public entities, and E&S and storage legal responsibility insurance coverage services; industrial property main and extra insurance coverage for catastrophic and non-catastrophic dangers; skilled indemnity insurance coverage services primarily meant for companies, healthcare professionals, medical institutions and aged care institutions; and property and casualty insurance coverage and satellite tv for pc launch services, in addition to numerous specialty packages.

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