Hallmark Financial Services Inc. (HALL) Plunges 5.33%

Hallmark Financial Services Inc. (HALL) Plunges 5.33%

Hallmark Financial Services Inc. (HALL) had a rough trading day for Wednesday October 23 as shares tumbled 5.33%, or a loss of $-1.06 per share, to close at $18.82. After opening the day at $19.88, shares of Hallmark Financial Services Inc. traded as high as $20.13 and as low as $18.52. Volume was 204,352 shares over 1,623 trades, against an average daily volume of n/a shares and a total float of 18.12 million.

As a result of the decline, Hallmark Financial Services Inc. now has a market cap of $341.08 million. In the last year, shares of Hallmark Financial Services Inc. have traded between a range of $20.30 and $9.48, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Hallmark Financial Services Inc is an insurance holding company, which is engaged in the sale of property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services. The company operates in segments such as Standard Commercial Segment, Specialty Commercial Segment, and Personal Segment. Geographically, it operates through the region of United States and derives a majority of its revenue from Specialty Commercial Segment, which markets, underwrites, finances, and services commercial lines of insurance products. Its products consist of commercial automobile, general liability, commercial property and commercial excess liability.

Hallmark Financial Services Inc. is based out of Fort Worth, TX and has some 439 employees. Its CEO is Naveen Anand.

Hallmark Financial Services Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

Share:
error: Content is protected !!