Hallmark Financial Services, Inc., through its subsidiaries, underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States.
Proven track record and fair value.
Share Price & News
How has Hallmark Financial Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HALL has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HALL exceeded the US Insurance industry which returned 16.3% over the past year.
Return vs Market: HALL exceeded the US Market which returned 17.9% over the past year.
Price Volatility Vs. Market
How volatile is Hallmark Financial Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHow Did Hallmark Financial Services, Inc.'s (NASDAQ:HALL) 9.5% ROE Fare Against The Industry?
1 month ago | Simply Wall StIntroducing Hallmark Financial Services (NASDAQ:HALL), A Stock That Climbed 95% In The Last Year
1 month ago | Simply Wall StIs Hallmark Financial Services, Inc.'s (NASDAQ:HALL) P/E Ratio Really That Good?
Is Hallmark Financial Services undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HALL ($17.54) is trading above our estimate of fair value ($2.62)
Significantly Below Fair Value: HALL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HALL is good value based on its PE Ratio (11.2x) compared to the Insurance industry average (13.4x).
PE vs Market: HALL is good value based on its PE Ratio (11.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: HALL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HALL is good value based on its PB Ratio (1.1x) compared to the US Insurance industry average (1.1x).
How is Hallmark Financial Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HALL's earnings are forecast to decline over the next 3 years (-3.3% per year).
Earnings vs Market: HALL's earnings are forecast to decline over the next 3 years (-3.3% per year).
High Growth Earnings: HALL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HALL's revenue (11.5% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: HALL's revenue (11.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HALL's Return on Equity is forecast to be low in 3 years time (9.5%).
How has Hallmark Financial Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HALL has high quality earnings.
Growing Profit Margin: HALL's current net profit margins (6.4%) are higher than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: HALL's earnings have declined by -5.7% per year over the past 5 years.
Accelerating Growth: HALL's earnings growth over the past year (489.7%) exceeds its 5-year average (-5.7% per year).
Earnings vs Industry: HALL earnings growth over the past year (489.7%) exceeded the Insurance industry 32.1%.
Return on Equity
High ROE: HALL's Return on Equity (9.5%) is considered low.
Return on Assets
Return on Capital Employed
How is Hallmark Financial Services's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: HALL has a low level of unsold assets or inventory.
Debt Coverage by Assets: HALL's debt is covered by short term assets (assets are 5x debt).
Financial Institutions Analysis
Asset Level: HALL's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if HALL has a sufficient allowance for bad loans.
Low Risk Liabilities: HALL reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if HALL has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HALL has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if HALL has an appropriate level of bad loans.
What is Hallmark Financial Services's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HALL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate HALL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HALL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HALL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HALL's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Schwarz (59yo)
Mr. Mark Edward Schwarz has been Interim Principal Executive Officer of Wilhelmina International, Inc. since February 3, 2020. Mr. Schwarz was elected Executive Chairman of Hallmark Financial Services, Inc ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD210.89K) is below average for companies of similar size in the US market ($USD1.67M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
|Interim Principal Executive Officer & Executive Chairman||0yrs||US$210.89k||1.12% $3.6m|
|President & CEO||5.4yrs||US$1.03m||0.43% $1.4m|
|Senior VP||0.8yrs||US$409.89k||0.039% $122.8k|
|Chief Information Officer & Head of Operations||1.1yrs||no data||no data|
|Vice President of Group Counsel & Compliance||1.1yrs||no data||no data|
|Director of Corporate Communications||0yrs||no data||no data|
|Senior VP of Corporate Development & Strategy||1.1yrs||no data||no data|
|Senior VP & Head of Human Resources||1.1yrs||no data||no data|
|Senior VP & Healthcare Group Leader||4.3yrs||no data||no data|
|Chief Claims Officer||3.8yrs||no data||no data|
Experienced Management: HALL's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
|Interim Principal Executive Officer & Executive Chairman||0yrs||US$210.89k||1.12% $3.6m|
|Independent Director||19.1yrs||US$44.25k||0.084% $267.5k|
|Independent Director||3.7yrs||US$44.25k||no data|
|Independent Director||25.1yrs||US$51.75k||0.13% $412.2k|
Experienced Board: HALL's board of directors are seasoned and experienced ( 16.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hallmark Financial Services, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Hallmark Financial Services, Inc.
- Ticker: HALL
- Exchange: NasdaqGM
- Founded: 1987
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$317.879m
- Shares outstanding: 18.12m
- Website: https://www.hallmarkgrp.com
Number of Employees
- Hallmark Financial Services, Inc.
- Two Lincoln Centre
- Suite 1100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HALL||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Sep 1989|
Hallmark Financial Services, Inc., through its subsidiaries, underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates through Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment provides primary and excess commercial vehicle insurance products and services; primary and excess liability, excess public entity liability, and E&S package insurance products and services; primary and excess commercial property insurance for catastrophe and non-catastrophe exposures; healthcare and financial lines professional liability insurance products and services primarily for businesses, medical professionals, medical facilities, and senior care facilities; and general aviation and satellite launch property/casualty insurance products and services, as well as various specialty programs. The Standard Commercial segment offers package and monoline property/casualty, and occupational accident insurance products and services. The Personal segment provides non-standard personal automobile and renters insurance products and services. 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 Dallas, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 00:11|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.