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Hallmark Financial Services

Nasdaq:HALL
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HALL
Nasdaq
$312M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

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 last earnings update was 9 days ago. More info.


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  • Hallmark Financial Services has significant price volatility in the past 3 months.
HALL Share Price and Events
7 Day Returns
12.1%
NasdaqGM:HALL
-1.5%
US Insurance
-1%
US Market
1 Year Returns
58.5%
NasdaqGM:HALL
8.4%
US Insurance
-0.4%
US Market
HALL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hallmark Financial Services (HALL) 12.1% 22.5% 43.3% 58.5% 70.3% 86.1%
US Insurance -1.5% -3.1% 2.3% 8.4% 33.9% 46.8%
US Market -1% -3.3% 0.8% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • HALL outperformed the Insurance industry which returned 8.4% over the past year.
  • HALL outperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
HALL
Industry
5yr Volatility vs Market

Value

 Is Hallmark Financial Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Hallmark Financial Services. This is due to cash flow or dividend data being unavailable. The share price is $17.2.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hallmark Financial Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hallmark Financial Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:HALL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $1.81
NasdaqGM:HALL Share Price ** NasdaqGM (2019-08-16) in USD $17.2
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 15.72x
United States of America Market PE Ratio Median Figure of 3,096 Publicly-Listed Companies 17.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hallmark Financial Services.

NasdaqGM:HALL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:HALL Share Price ÷ EPS (both in USD)

= 17.2 ÷ 1.81

9.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hallmark Financial Services is good value based on earnings compared to the US Insurance industry average.
  • Hallmark Financial Services is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hallmark Financial Services's expected growth come at a high price?
Raw Data
NasdaqGM:HALL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-15.8%per year
United States of America Insurance Industry PEG Ratio Median Figure of 63 Publicly-Listed Insurance Companies 0.86x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

NasdaqGM:HALL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.52x ÷ -15.8%

-0.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hallmark Financial Services earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hallmark Financial Services's assets?
Raw Data
NasdaqGM:HALL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $15.98
NasdaqGM:HALL Share Price * NasdaqGM (2019-08-16) in USD $17.2
United States of America Insurance Industry PB Ratio Median Figure of 120 Publicly-Listed Insurance Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,273 Publicly-Listed Companies 1.7x
NasdaqGM:HALL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:HALL Share Price ÷ Book Value per Share (both in USD)

= 17.2 ÷ 15.98

1.08x

* Primary Listing of Hallmark Financial Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hallmark Financial Services is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess Hallmark Financial Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Hallmark Financial Services has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hallmark Financial Services expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-15.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hallmark Financial Services expected to grow at an attractive rate?
  • Hallmark Financial Services's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hallmark Financial Services's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Hallmark Financial Services's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:HALL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:HALL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -15.8%
NasdaqGM:HALL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 10.2%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:HALL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:HALL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 502 28 29 2
2019-12-31 461 -5 41 2
NasdaqGM:HALL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 427 -16 33
2019-03-31 404 -16 25
2018-12-31 379 -33 10
2018-09-30 392 -46 5
2018-06-30 387 -15 -6
2018-03-31 382 -21 -15
2017-12-31 386 7 -12
2017-09-30 385 40 -5
2017-06-30 385 41 2
2017-03-31 383 41 6
2016-12-31 376 31 7
2016-09-30 368 35 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hallmark Financial Services's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Hallmark Financial Services's revenue is expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:HALL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Hallmark Financial Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:HALL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.60 1.60 1.60 2.00
2019-12-31 1.83 2.31 1.35 2.00
NasdaqGM:HALL Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 1.81
2019-03-31 1.37
2018-12-31 0.57
2018-09-30 0.26
2018-06-30 -0.36
2018-03-31 -0.82
2017-12-31 -0.63
2017-09-30 -0.25
2017-06-30 0.11
2017-03-31 0.34
2016-12-31 0.35
2016-09-30 0.72

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hallmark Financial Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hallmark Financial Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hallmark Financial Services has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hallmark Financial Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hallmark Financial Services's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hallmark Financial Services's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Hallmark Financial Services has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Hallmark Financial Services has become profitable in the last year making it difficult to compare the US Insurance industry average.
Earnings and Revenue History
Hallmark Financial Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hallmark Financial Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:HALL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 426.83 32.66 106.43
2019-03-31 404.05 24.73 103.46
2018-12-31 379.27 10.35 103.42
2018-09-30 391.79 4.79 106.81
2018-06-30 386.56 -6.45 160.38
2018-03-31 381.91 -14.89 106.52
2017-12-31 385.52 -11.55 106.81
2017-09-30 385.40 -4.59 104.97
2017-06-30 385.30 2.02 104.97
2017-03-31 382.87 6.44 132.46
2016-12-31 375.95 6.53 104.97
2016-09-30 368.09 13.63 103.99
2016-06-30 364.15 15.28 103.99
2016-03-31 370.30 20.59 103.99
2015-12-31 371.72 21.86 103.99
2015-09-30 370.34 22.18 100.73
2015-06-30 358.07 18.95 100.73
2015-03-31 341.72 14.22 100.73
2014-12-31 337.37 13.43 101.43
2014-09-30 337.74 13.09 109.29
2014-06-30 364.93 15.90 109.29
2014-03-31 383.38 11.10 109.29
2013-12-31 389.43 8.25 109.29
2013-09-30 389.68 6.60 103.79
2013-06-30 366.68 3.74 103.79
2013-03-31 351.96 5.05 103.79
2012-12-31 341.80 3.52 103.79
2012-09-30 336.11 2.05 95.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hallmark Financial Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hallmark Financial Services used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
  • Hallmark Financial Services has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hallmark Financial Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hallmark Financial Services has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hallmark Financial Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hallmark Financial Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hallmark Financial Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hallmark Financial Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hallmark Financial Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hallmark Financial Services Company Filings, last reported 1 month ago.

NasdaqGM:HALL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 289.54 85.83 67.67
2019-03-31 273.65 85.82 65.49
2018-12-31 255.53 85.80 35.59
2018-09-30 267.05 85.79 59.93
2018-06-30 256.91 85.78 79.58
2018-03-31 251.15 85.77 55.11
2017-12-31 251.12 85.75 64.98
2017-09-30 261.47 85.74 89.77
2017-06-30 265.70 85.73 77.45
2017-03-31 271.03 85.71 82.95
2016-12-31 265.74 85.70 79.63
2016-09-30 270.94 85.69 69.92
2016-06-30 266.10 85.68 91.94
2016-03-31 265.81 86.70 87.48
2015-12-31 262.03 85.65 114.45
2015-09-30 260.79 56.70 93.05
2015-06-30 262.31 56.70 116.55
2015-03-31 261.72 56.70 130.45
2014-12-31 252.04 56.70 130.99
2014-09-30 247.88 56.70 160.03
2014-06-30 245.31 56.70 156.37
2014-03-31 241.61 58.18 153.29
2013-12-31 238.12 58.18 141.67
2013-09-30 230.08 58.18 151.70
2013-06-30 225.06 58.18 128.00
2013-03-31 227.39 58.18 91.45
2012-12-31 220.54 58.18 85.15
2012-09-30 219.11 58.18 107.68
  • Hallmark Financial Services's level of debt (29.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (23.1% vs 29.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 9.4x coverage).
X
Financial health checks
We assess Hallmark Financial Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hallmark Financial Services has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hallmark Financial Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Hallmark Financial Services dividends.
If you bought $2,000 of Hallmark Financial Services shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Hallmark Financial Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hallmark Financial Services's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:HALL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 79 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2010 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:HALL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Hallmark Financial Services has not reported any payouts.
  • Unable to verify if Hallmark Financial Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hallmark Financial Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hallmark Financial Services has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hallmark Financial Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hallmark Financial Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hallmark Financial Services has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hallmark Financial Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Naveen Anand
COMPENSATION $1,028,566
AGE 52
TENURE AS CEO 4.9 years
CEO Bio

Naveen Anand became President and Chief Executive Officer of Hallmark Financial Services, Inc. in September, 2014. Most recently, Mr. Anand was an Executive with Torus Insurance Holdings Limited from 2009 to 2013, serving first as the Global Chief Operating Officer for Torus Group before being promoted to Chief Executive Officer of Torus Americas. Previously, Mr. Anand was employed by CNA Financial Corporation where he served as Vice President from 2002 to 2005, as Senior Vice President and President of the Central Region from 2005 to 2006, as Senior Vice President and President and Chief Underwriting Officer for Commercial Insurance from 2006 to 2009, and as Chairman and President of CNA Claim Plus from 2008 to 2009. From 1988 to 2002, he was employed by Chubb Group of Insurance Companies where he began in the commercial underwriting department, was promoted to Regional Underwriting Manager in 1993, became Assistant Vice President for Commercial Lines in 1995, and rose to Vice President for Commercial Lines, New York Zone, in 1998. Mr. Anand began his insurance career in 1987 as Trainee underwriter with St. Paul Insurance Companies.

CEO Compensation
  • Naveen's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Naveen's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hallmark Financial Services management team in years:

0.6
Average Tenure
52
Average Age
  • The average tenure for the Hallmark Financial Services management team is less than 2 years, this suggests a new team.
Management Team

Mark Schwarz

TITLE
Executive Chairman of the Board
COMPENSATION
$211K
AGE
59

Naveen Anand

TITLE
President & CEO
COMPENSATION
$1M
AGE
52
TENURE
4.9 yrs

Jeffrey Passmore

TITLE
Senior VP
COMPENSATION
$410K
AGE
51
TENURE
0.3 yrs

Tarek Timol

TITLE
Chief Information Officer & Head of Operations
TENURE
0.6 yrs

Elena Banfi

TITLE
Vice President of Group Counsel & Compliance
TENURE
0.6 yrs

Blake Zipoy

TITLE
Director of Corporate Communications

David Webb

TITLE
Senior VP of Corporate Development & Strategy
TENURE
0.6 yrs

David Miller

TITLE
Senior VP & Head of Human Resources
TENURE
0.6 yrs

Barbara Sinclair

TITLE
Senior VP & Healthcare Group Leader
TENURE
3.8 yrs

Charles Stauber

TITLE
Chief Claims Officer
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Hallmark Financial Services board of directors in years:

15.8
Average Tenure
64
Average Age
  • The average tenure for the Hallmark Financial Services board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mark Schwarz

TITLE
Executive Chairman of the Board
COMPENSATION
$211K
AGE
59
TENURE
13 yrs

Jim Graves

TITLE
Director
COMPENSATION
$52K
AGE
70
TENURE
24.6 yrs

Scott Berlin

TITLE
Director
COMPENSATION
$44K
AGE
49
TENURE
18.6 yrs

Mark Pape

TITLE
Director
COMPENSATION
$44K
AGE
69
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hallmark Financial Services individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Aug 19 Buy Naveen Anand Individual 14. Aug 19 14. Aug 19 6,500 $16.38 $106,490
13. Mar 19 Sell Scott Berlin Individual 11. Mar 19 13. Mar 19 -9,750 $10.53 $-102,388
22. Jan 19 Sell James Graves Individual 18. Jan 19 18. Jan 19 -6,140 $9.95 $-61,093
X
Management checks
We assess Hallmark Financial Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hallmark Financial Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Be Impressed By Hallmark Financial Services, Inc.'s (NASDAQ:HALL) ROE?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Hallmark Financial Services: 11% = US$33m ÷ US$290m (Based on the trailing twelve months to June 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Hallmark Financial Services Have A Good Return On Equity? … Hallmark Financial Services's Debt And Its 11% ROE While Hallmark Financial Services does have some debt, with debt to equity of just 0.30, we wouldn't say debt is excessive.

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Is Hallmark Financial Services, Inc.'s (NASDAQ:HALL) CEO Pay Fair?

View our latest analysis for Hallmark Financial Services How Does Naveen Anand's Compensation Compare With Similar Sized Companies? … With a total shareholder return of 30% over three years, Hallmark Financial Services, Inc. … We're not seeing great strides in earnings per share, and total returns were decent but not amazing in the last three years.

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Investors Who Bought Hallmark Financial Services (NASDAQ:HALL) Shares A Year Ago Are Now Up 22%

Check out our latest analysis for Hallmark Financial Services There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. … When a company has just transitioned to profitability, earnings per share growth is not always the best way to look at the share price action. … Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity.

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Should You Worry About Hallmark Financial Services, Inc.'s (NASDAQ:HALL) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Naveen Anand's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$186m, and pays its CEO total annual compensation worth US$1.1m.

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Should You Worry About Hallmark Financial Services Inc's (NASDAQ:HALL) CEO Pay Check?

Naveen Anand is the CEO of Hallmark Financial Services Inc (NASDAQ:HALL), which has recently grown to a market capitalization of US$177.31m. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Check out our latest analysis for Hallmark Financial Services

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Who Are The Top Investors In Hallmark Financial Services Inc (NASDAQ:HALL)?

Today, I will be analyzing Hallmark Financial Services Inc’s (NASDAQ:HALL) recent ownership structure, an important but not-so-popular subject among individual investors. … Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … NasdaqGM:HALL Insider_trading Apr 5th 18 General Public Ownership The general public, with 5.24% stake, is also an important group of shareholders in HALL.

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Hallmark Financial Services Inc (NASDAQ:HALL): Risks You Need To Consider Before Buying

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … HALL's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … HALL, with its market capitalisation of US$184.12M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

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Is There Now An Opportunity In Hallmark Financial Services Inc (NASDAQ:HALL)?

Let’s take a look at Hallmark Financial Services’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … The stock’s ratio of 0.69x is currently trading slightly below its industry peers’ ratio of 1.37x, which means if you buy Hallmark Financial Services today, you’d be paying a relatively fair price for it. … It seems like the market has already priced in HALL’s growth outlook, with shares trading around its fair value.

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Should You Be Concerned About Hallmark Financial Services Inc's (NASDAQ:HALL) -133.64% Earnings Decline?

Check out our latest analysis for Hallmark Financial Services How Did HALL's Recent Performance Stack Up Against Its Past? … NasdaqGM:HALL Income Statement Mar 7th 18 We can further analyze Hallmark Financial Services's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the last five years Hallmark Financial Services's top-line has increased by a mere 2.68%, on average.

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Is It Too Late To Buy Hallmark Financial Services Inc (HALL)?

Hallmark Financial Services Inc (NASDAQ:HALL), a insurance company based in United States, saw a double-digit share price rise of over 10% in the past couple of months on the NasdaqGM. … Check out our latest analysis for Hallmark Financial Services What is HALL worth? … HALL’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

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Company Info

Description

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.

Details
Name: Hallmark Financial Services, Inc.
HALL
Exchange: NasdaqGM
Founded: 1987
$311,717,199
18,123,093
Website: http://www.hallmarkgrp.com
Address: Hallmark Financial Services, Inc.
Two Lincoln Centre,
Suite 1100,
Dallas,
Texas, 75240,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM HALL Common Stock Nasdaq Global Market US USD 13. Sep 1989
Number of employees
Current staff
Staff numbers
439
Hallmark Financial Services employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 23:39
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/12
Last earnings filing: 2019/08/09
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.