First Acceptance Corp. (NYSE: FAC) is on The StockGuru Leader Board today. The stock closed up 16.92% on Monday.
Volume was 17,308 shares traded.
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About the Company:
First Acceptance Corporation, through its subsidiaries, engages in retailing, servicing, and underwriting non-standard personal automobile insurance primarily in the southeastern and midwestern United States. The company also offers ancillary reimbursements and benefits in the event of an automobile accident; and also a tenant homeowner policy that provides contents and liability coverage to those of its customers who are renters. It provides its insurance policies to individuals, who are categorized as non-standard based on their inability or unwillingness to obtain standard insurance coverage because of various factors, including payment history, payment preference, failure in the past to maintain continuous insurance coverage, driving record, and/or vehicle type. In addition, the company is involved in the disposition of real estate properties. First Acceptance Corporation distributes its products through retail sales offices. As of September 30, 2011, it leased and operated 383 retail locations. The company was founded in 1969 and is based in Nashville, Tennessee.
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