Zacks' High Rank Value Strategy Highlights: EMC Insurance Group, Endurance Specialty Holdings Ltd., First United Corporation and Unitrin.

CHICAGO -- Many value investors look for stocks trading at Price/Earnings multiples below 15 and Price/Book multiples below 3. Combining these valuation measures with a Zacks Rank of #1 ("Strong Buy") or #2 ("Buy") helps to ensure that a stock is truly undervalued. The High Rank Value Profit Track strategy finds such bargains - bargains that generated returns of 1.4% in the first five months of 2006. Four stocks meeting this strategy's exclusive criteria are EMC Insurance Group Inc. (Nasdaq: EMCI), Endurance Specialty Holdings Ltd. (NYSE: ENH), First United Corporation (Nasdaq: FUNC) and Unitrin, Inc. (NYSE: UTR). View the entire list of stocks for the High Rank Value Profit Track at http://at.zacks.com/?id=2136.

Here are details about four companies currently identified by the High Rank Value Profit Track:

EMC Insurance Group Inc. (Nasdaq: EMCI), a Zacks #1 Rank (Strong Buy) company, has a price-to-earnings (P/E) multiple of 9.10 and a price-to-book (P/B) multiple of 1.77. In late October, the company announced third-quarter earnings of 85 cents per share, which matched the consensus estimate. The company noted that it was another record-breaking quarter, adding that it has a solid book of business and it continues to benefit from favorable development on prior years' reserves.

Endurance Specialty Holdings Ltd. (NYSE: ENH) offers a price-to-earnings (P/E) multiple of 10.79 and a price-to-book (P/B) multiple of 1.30. In late October, the company reported third-quarter earnings of $1.87 per share, excluding items. The result outperformed the consensus estimate by almost 36%. ENH stated that its results benefited from strong pricing and lower than expected losses in its catastrophe exposed businesses.

First United Corporation (Nasdaq: FUNC) released financial results for the third quarter in early November. Earnings per share totaled 53 cents, surpassing the year-prior total of 50 cents. First United Corporation satisfies the criteria for this Profit Track as evidenced by its price-to-earnings (P/E) multiple of 10.09 and a price-to-book (P/B) multiple of 1.46.

Unitrin, Inc. (NYSE: UTR), another Zacks #1 Rank (Strong Buy) name, posted third-quarter earnings per share that were ahead of analyst expectations by roughly 127%. The company mentioned that it was pleased with its record third quarter operating results, adding that operating results were particularly strong at its Unitrin Kemper Auto and Home and its Life and Health Insurance business segments. UTR sports a price-to-earnings (P/E) multiple of 13.10 and a price-to-book (P/B) multiple of 1.61.

Discover all the current stocks currently on the High Rank Value Profit Track at: http://at.zacks.com/?id=2137.

About Profit Tracks

What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. For the first five months of 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +22.2% followed by the Discounted Fundamental screen with a +18.6% return. To see all nine strategies along with philosophy, past performance and current stocks, go to http://at.zacks.com/?id=1838

All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report "Top 10 Stock Screening Strategies" at http://at.zacks.com/?id=2156

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