Hallmark Financial Services, Inc.

OTCPK:HALL.Q Stock Report

Market Cap: US$145.5k

Hallmark Financial Services Past Earnings Performance

Past criteria checks 0/6

There is insufficient data on Hallmark Financial Services's performance over the last few years.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Insurance Industry Growth8.02%
Revenue growth raten/a
Return on equityn/a
Net Marginn/a
Last Earnings Update30 Sep 2023

Recent past performance 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.

Revenue & Expenses Breakdown

How Hallmark Financial Services makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:HALL.Q Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 23166-1041060
30 Jun 23162-1131070
31 Mar 23158-1621030
31 Dec 22160-135720
30 Sep 22173-111740
30 Jun 22180-87740
31 Mar 22157-30670
31 Dec 21227-10810
30 Sep 21290-12910
30 Jun 21365-381060
31 Mar 21480-211250
31 Dec 20469-941240
30 Sep 20479-1211220
30 Jun 20477-871190
31 Mar 20469-801190
31 Dec 19486-11170
30 Sep 19442281130
30 Jun 19427331060
31 Mar 19404251030
31 Dec 18379101030
30 Sep 1839251850
30 Jun 18387-61600
31 Mar 18382-151070
31 Dec 17386-121070
30 Sep 17385-51050
30 Jun 1738521050
31 Mar 1738361320
31 Dec 1637671050
30 Sep 16368141040
30 Jun 16364151040
31 Mar 16370211040
31 Dec 15372221040
30 Sep 15370221010
30 Jun 15358191010

Quality Earnings: HALL.Q has a high level of non-cash earnings.

Growing Profit Margin: Insufficient data to determine if HALL.Q's profit margins have improved over the past year.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if HALL.Q's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare HALL.Q's past year earnings growth to its 5-year average.

Earnings vs Industry: Insufficient data to determine if HALL.Q's earnings growth over the past year exceeded the Insurance industry average.

Return on Equity

High ROE: HALL.Q has a negative Return on Equity (0%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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