The insurance industry closed the day down 3.8%. 21st Century Holding Company ( TCHC) and Imperial Holdings Inc ( IFT) were all winners today within the insurance industry with Unico American Corporation ( UNAM) being today's featured insurance winner. Unico American Corporation rose 19 cents (1.9%) to $10.45 on average volume. Throughout the day, 2,405 shares of Unico American Corporation exchanged hands as compared to its average daily volume of 3,000 shares. Unico American Corporation, an insurance holding company, underwrites property and casualty insurance. The company provides property, casualty, and health insurance products, as well as insurance premium financing and membership association services. Unico American Corporation has a market cap of $54.7 million and is part of the financial sector. The company has a P/E ratio of 17.1, above the average insurance industry P/E ratio of 16.8 and below the S&P 500 P/E ratio of 17.7. Shares are up 12.3% year to date as of the close of trading on Friday. TheStreet Ratings rates Unico American as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider KBW Insurance ETF ( KIE) while those bearish on the insurance industry could consider Proshares Short Financials ( SEF).