Hallmark Financial Services, Inc.

OTCPK:HALL.Q Stock Report

Market Cap: US$145.5k

Hallmark Financial Services Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Chris Kenney

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure5.8yrs
CEO ownershipn/a
Management average tenure2.4yrs
Board average tenure17.7yrs

Recent management updates

Recent updates

Seeking Alpha • Oct 03

Hallmark Financial Services briefly gains on report on sale of its specialty book

Hallmark Financial Services (NASDAQ:HALL) briefly rose though has now gone negative, down 1%, amid a report that Core Specialty is in discussions to buy the company's specialty book. Core Specialty is in advanced talks to acquire Hallmark's (HALL) $450 million specialty book, according to an Inside P&C report. The report comes after Hallmark (HALL) announced in late December that it was no longer actively pursuing the previously announced separation of its Specialty Commercial business segment. The company at the time said  it wouldn't proceed with the initial public offering of the specialty commercial business.
Seeking Alpha • Nov 25

Hallmark Financial Cheap To Both Assets 'And' Earnings

Over 50% discount to book value, as a result of terrible underwriting results in recent years. But under new management, earnings of over $14 million so far this year on market cap of $78 million. Insurance market continues to harden, as the company has implemented a 12% rate increase so far this year.
Seeking Alpha • Aug 31

Hallmark Financial Services' Specialty Commercial Segment Presents Sum Of The Parts Opportunity

HALL is one of my largest holdings. The stock's deeply undervalued, and I've set my target at $7-9/share. The stock's undervalued because it's small, overlooked, the value is tough to see, and investors might still be afraid of HALL after the Binding Auto blowup last year. This is a follow-up article where I take a deep dive into the stock - because the devil is in the details!
Seeking Alpha • Aug 20

Hallmark Financial Services: Buying The Dip For 100% Upside To Fair Value

Cheapest Property & Casualty insurer in the whole industry - trading at a P/B of less than 0.4x. Company is cheap because stock price never recovered from bad business in the past. Despite the low price - the business keeps chugging along, and is reporting book value growth. I estimate that the business has at least 100% upside - fair value somewhere around $7-9/share.
Seeking Alpha • Aug 13

Hallmark Financial Services Hits Soft Q2, But Remains Extremely Cheap

After a rocky 2020 creating a deeply discounted valuation, Hallmark Financial Services posts uninspiring Q2 numbers. The thesis for value investors remains largely intact with a potential 2021 PE below 4x and price to book below 0.4x. As such, Hallmark remains a very inexpensive insurer. A partial spin of its premium business remains a catalyst, though absence of recent disclosure on this is a concern.

CEO Compensation Analysis

How has Chris Kenney's remuneration changed compared to Hallmark Financial Services's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2023n/an/a

-US$104m

Jun 30 2023n/an/a

-US$113m

Mar 31 2023n/an/a

-US$162m

Dec 31 2022US$752kUS$375k

-US$135m

Sep 30 2022n/an/a

-US$111m

Jun 30 2022n/an/a

-US$87m

Mar 31 2022n/an/a

-US$30m

Dec 31 2021US$518kUS$269k

-US$10m

Sep 30 2021n/an/a

-US$12m

Jun 30 2021n/an/a

-US$38m

Mar 31 2021n/an/a

-US$21m

Dec 31 2020US$266kUS$227k

-US$94m

Sep 30 2020n/an/a

-US$121m

Jun 30 2020n/an/a

-US$87m

Mar 31 2020n/an/a

-US$80m

Dec 31 2019US$300kUS$203k

-US$625k

Compensation vs Market: Insufficient data to establish whether Chris's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Insufficient data to compare Chris's compensation with company performance.

CEO

Chris Kenney (63 yo)

5.8yrs
Tenure
US$752,133
Compensation

Mr. Christopher James Kenney, also known as Chris, is President, Chief Financial Officer, Secretary & Director of Hallmark Specialty Insurance Company. Mr. Kenney was Chief Accounting Officer of Hallmark S...

Leadership Team

NamePositionTenureCompensationOwnership
Christopher Kenney
President5.8yrsUS$752.13kno data
Raina Mills
Senior Vice President of Operations - Commercial Lines & Personal Lines1.4yrsno datano data
Pavinee Hat
Chief Human Resources Officer4.9yrsno datano data
Chris Miller
Chief Claims Officer for Commercial Lines & Personal Lines3.4yrsno datano data
Debra Fontenot
Senior Vice President of IT Services1.7yrsno datano data
Sunthary Murphy
Senior VP of Product Analytics - Commercial Lines & Personal Lines1.7yrsno datano data
Chuck Mitzel
VP & Senior Actuary2.4yrsno datano data
2.4yrs
Average Tenure

Experienced Management: HALL.Q's management team is considered experienced (2.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Scott Berlin
Independent Director25.4yrsUS$54.00kno data
Mark Pape
Independent Director10yrsUS$57.75kno data
Mark Schwarz
Chairman25.4yrsUS$1.41mno data
Doug Slape
Independent Director4yrsUS$30.92kno data
17.7yrs
Average Tenure
62.5yo
Average Age

Experienced Board: HALL.Q's board of directors are seasoned and experienced ( 17.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/17 00:39
End of Day Share Price 2026/06/15 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hallmark Financial Services, Inc. is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert FarnamKeefe, Bruyette, & Woods
Michael GrasherPiper Sandler Companies
Charles Gregory PetersRaymond James & Associates