Unico American (UNAM) Hits New 1-Year Low at $8.75

Unico American Corporation (NASDAQ:UNAM) shares reached a new 52-week low on Friday . The company traded as low as $8.75 and last traded at $8.98, with a volume of 5400 shares changing hands. The stock had previously closed at $9.20.

Separately, ValuEngine raised Unico American from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

Unico American (NASDAQ:UNAM) last posted its earnings results on Monday, November 13th. The insurance provider reported ($0.55) earnings per share for the quarter. Unico American had a negative net margin of 14.70% and a negative return on equity of 8.12%. The firm had revenue of $9.29 million during the quarter.

An institutional investor recently raised its position in Unico American stock. Renaissance Technologies LLC lifted its stake in Unico American Corporation (NASDAQ:UNAM) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,400 shares of the insurance provider’s stock after buying an additional 300 shares during the quarter. Renaissance Technologies LLC owned about 0.27% of Unico American worth $138,000 as of its most recent filing with the Securities & Exchange Commission. 27.28% of the stock is owned by institutional investors.

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Unico American Company Profile

Unico American Corporation is an insurance holding company. The Company underwrites property and casualty insurance through its insurance company subsidiary. It also provides property, casualty and health insurance through its agency subsidiaries and provides insurance premium financing and membership association services through its other subsidiaries.

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