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HALL Hallmark Financial Services

Hallmark Financial Services, Inc. is a holding company, which engages in the provision of insurance products. It operates through the following segments: Standard Commercial, Specialty Commercial and Personal. The Standard Commercial segment offers property, casualty, and accident insurance services. The Specialty Commercial segment includes assurance products to aviation, satellite launch, commercial umbrella, and medical professional liability. The Personal segment deals with vehicle and home insurance. The company was founded in 1987 and is headquartered in Fort Worth, TX.

HALL stock data

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Calendar

15 Mar 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 108.31M 108.31M 108.31M 108.31M 108.31M 108.31M
Cash burn (monthly) 32.02M (positive/no burn) 4.28M 9.51M 2.14M 5.78M
Cash used (since last report) 110.24M n/a 14.75M 32.76M 7.38M 19.89M
Cash remaining -1.93M n/a 93.56M 75.55M 100.93M 88.41M
Runway (months of cash) -0.1 n/a 21.8 7.9 47.1 15.3

Beta Read what these cash burn values mean

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

29.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 43 52 -17.3%
Opened positions 3 4 -25.0%
Closed positions 12 17 -29.4%
Increased positions 10 7 +42.9%
Reduced positions 21 30 -30.0%
13F shares
Current Prev Q Change
Total value 19.95M 15.44M +29.2%
Total shares 5.32M 5.67M -6.1%
Total puts 0 14.6K EXIT
Total calls 19.8K 20.2K -2.0%
Total put/call ratio 0.7
Largest owners
Shares Value Change
Dimensional Fund Advisors 1.21M $4.3M -8.2%
Russell Investments 816.82K $2.9M -0.5%
Vanguard 698.01K $2.49M -0.0%
Kennedy Capital Management 384.25K $1.37M -3.0%
Renaissance Technologies 339.7K $1.21M -12.7%
BLK Blackrock 258.62K $921K -3.7%
Bridgeway Capital Management 207.1K $737K 0.0%
Hodges Capital Management 127.94K $455K +241.9%
Boston Partners 123.69K $440K 0.0%
Jacobs Levy Equity Management 122.28K $435K +31.0%
Largest transactions
Shares Bought/sold Change
Dimensional Fund Advisors 1.21M -108.56K -8.2%
Hodges Capital Management 127.94K +90.53K +241.9%
Acadian Asset Management 51.57K -59.7K -53.7%
Millennium Management 0 -59.46K EXIT
Renaissance Technologies 339.7K -49.4K -12.7%
WINTON 0 -32.68K EXIT
Jacobs Levy Equity Management 122.28K +28.93K +31.0%
VIRT Virtu Financial 26.02K +26.02K NEW
Thompson Siegel & Walmsley 105.8K +21K +24.8%
Squarepoint Ops 44.7K -20.25K -31.2%

Financial report summary

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Management Discussion
  • Net cash used by our consolidated operating activities was $69.3 million for the year ended December 31, 2020 compared to net cash flow provided by operations of $27.7 million for the year ended December 31, 2019.  The cash flow used by operations was driven by an increase in net paid claims (which includes $92.6 million net reinsurance premium paid in connection with the loss portfolio transfer reinsurance agreement closed during the third quarter of 2020),  decreased collected net premiums, increased paid operating expenses, lower collected investment income, lower collected
  • commission and fee income and higher interest paid, partially offset lower taxes paid during the year ended December 31, 2020 as compared to the same period the prior year.
  • Net cash provided by investing activities during the year ended December 31, 2020 was $122.7 million as compared to net cash used in investing activities of $32.4 million for the prior year. The increase in cash provided by investing activities during the year ended December 31, 2020 was primarily comprised of an increase of $178.3 million in maturities, sales and redemptions of investment securities and a $2.5 million decrease in purchases of fixed assets, partially offset by an increase of $25.7 million in purchases of debt and equity securities.
Content analysis
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