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Hallmark Financial Services (HALL)

Hallmark Financial is a specialty property and casualty insurance holding company with a diversified portfolio of insurance products written on a national platform. With six insurance subsidiaries, Hallmark Financial markets, underwrites and services commercial and personal insurance in select markets. Hallmark Financial is headquartered in Dallas, Texas.

Company profile

Ticker
HALL
Exchange
CEO
Naveen Anand
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
o Aerospace Claims Management Group, Inc. • o Aerospace Flight, Inc. • o Aerospace Holdings, LLC • o Aerospace Insurance Managers, Inc. • o Aerospace Special Risk, Inc. • o American Hallmark General Agency, Inc. • o American Hallmark Insurance Company • o American Hallmark Insurance Services, Inc. • o CYR Insurance Management Company • o Effective Claims Management, Inc. ...
IRS number
870447375

HALL stock data

Calendar

12 May 22
12 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 187.62M 187.62M 187.62M 187.62M 187.62M 187.62M
Cash burn (monthly) 56.35M 8.31M 1.37M 281.08K 20.66M 3.97M
Cash used (since last report) 248.85M 36.68M 6.06M 1.24M 91.23M 17.55M
Cash remaining -61.23M 150.94M 181.55M 186.37M 96.38M 170.07M
Runway (months of cash) -1.1 18.2 132.2 663.1 4.7 42.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 May 22 Mark E Schwarz Common Stock Buy Acquire P Yes No 0.89 1,179 1.05K 3,079,873
31 May 22 Mark E Schwarz Common Stock Buy Acquire P Yes No 0 0 0 3,730,432
3 Apr 22 Christopher James Kenney RSU Common Stock Grant Acquire A No No 0 51,654 0 51,654
3 Apr 22 Mark E Schwarz RSU Common Stock Grant Acquire A No No 0 123,968 0 123,968
21 Dec 21 Christopher James Kenney RSU Common Stock Grant Acquire A No No 0 45,724 0 45,724
21 Dec 21 Mark E Schwarz RSU Common Stock Grant Acquire A No No 0 127,374 0 127,374
17.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 35 35
Opened positions 7 8 -12.5%
Closed positions 7 6 +16.7%
Increased positions 7 5 +40.0%
Reduced positions 11 14 -21.4%
13F shares Current Prev Q Change
Total value 12.37M 15.5M -20.2%
Total shares 3.18M 3.34M -4.7%
Total puts 0 0
Total calls 0 15.6K EXIT
Total put/call ratio
Largest owners Shares Value Change
Dimensional Fund Advisors 832.31K $3.02M -3.7%
Vanguard 585.01K $2.12M -22.6%
Kennedy Capital Management 283.99K $1.03M -8.8%
BLK Blackrock 265.73K $964K +0.1%
Bridgeway Capital Management 265.6K $964K +43.1%
Geode Capital Management 151.46K $549K +1.7%
Renaissance Technologies 123.61K $449K +20.5%
Royce & Associates 114K $414K 0.0%
Two Sigma Advisers 111K $403K -8.3%
Thompson Siegel & Walmsley 97.39K $354K 0.0%
Largest transactions Shares Bought/sold Change
Vanguard 585.01K -171K -22.6%
Bridgeway Capital Management 265.6K +80K +43.1%
IVZ Invesco 0 -63.32K EXIT
Millennium Management 40.73K +40.73K NEW
Susquehanna International 0 -33.8K EXIT
Dimensional Fund Advisors 832.31K -32.07K -3.7%
Kennedy Capital Management 283.99K -27.38K -8.8%
VIRT Virtu Financial 26.16K +26.16K NEW
Group One Trading 23.1K +23.1K NEW
Renaissance Technologies 123.61K +21.02K +20.5%

Financial report summary

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Risks
  • An increased inflation rate or a period of sustained inflation may adversely impact our results of operations.
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • Hallmark Financial Services, Inc. (“Hallmark” and, together with subsidiaries, “we,” “us,” “our,” or the Company) is an insurance holding company that, through its subsidiaries, engages in the sale of property/casualty insurance products to businesses and individuals. Our business involves marketing, distributing, underwriting and servicing our insurance products, as well as providing other insurance related services. Our business is geographically concentrated in the south central and northwest regions of the United States, except for our Specialty Commercial business which is written on a national basis. We pursue our business activities through subsidiaries whose operations are organized into product-specific business units, which are supported by our insurance company subsidiaries.
  • The retained premium produced by these reportable segments is supported by our American Hallmark Insurance Company of Texas (“AHIC”), Hallmark Specialty Insurance Company (“HSIC”), Hallmark Insurance Company (“HIC”), Hallmark National Insurance Company (“HNIC”) and Texas Builders Insurance Company (“TBIC”) insurance subsidiaries. In addition, control and management of Hallmark County Mutual Insurance Company (“HCM”) is maintained through our wholly owned subsidiary, CYR Insurance Management Company (“CYR”). CYR has as its primary asset a management agreement with HCM which provides for CYR to have management and control of HCM. HCM is used to front certain lines of business in our Specialty Commercial and Personal Segments in Texas. HCM does not retain any business.

Content analysis

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H.S. sophomore Avg
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