Unico American (NASDAQ:UNAM) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Unico American (NASDAQ:UNAM) opened at $9.55 on Friday. Unico American has a one year low of $8.90 and a one year high of $11.50.

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

A hedge fund recently raised its stake in Unico American stock. Renaissance Technologies LLC lifted its holdings in Unico American Corporation (NASDAQ:UNAM) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,400 shares of the insurance provider’s stock after buying an additional 300 shares during the period. Renaissance Technologies LLC owned approximately 0.27% of Unico American worth $138,000 at the end of the most recent reporting period. 27.28% of the stock is currently owned by institutional investors.

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About Unico American

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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