First-quarter revenue declined 2% as EPS improved a remarkable 46% to 67 cents. Gross margin increased and remains strong at 44%. Management was pleased to see momentum from fiscal 2008 performance. The company has a sound financial position as reflected by a low debt-to-equity ratio of .05. Shares of American Physicians Group have fallen 7% in 2009, but are up 2% from their March low. At its current share price, the stock offers a modest 1.5% dividend yield, but is trading at a price-to-earnings ratio of 7, making it an attractive value investment. TSC Ratings was recently given an award for "Best Stock Selection" amongst independent research providers by BNY ConvergEx Group. To see how your portfolio can utilize our research, click here. A rating can be viewed for any stock through our screener stock rating screener. Each rating is derived from a variety of fundamental and pricing figures and represents our opinion of risk-adjusted performance relative to a 5,000+ stock coverage universe. However, the rating does not incorporate all factors that can alter a stock's performance, such as corporate or industry events, technology innovations and shifts in competitive dynamics.