Money Manager Buys 5.9% of Unico American

A Connecticut money manager has acquired 5.9% of Unico American Corp., a Woodland Hills-based insurer.

In a filing with the Securities and Exchange Commission, Edward B. Goodnow of Darien, Conn., said he and certain accounts that he manages through his firm Goodnow, Gray & Co. have purchased a combined 323,500 common shares of Unico American for $1.85 million, or an average $5.72 a share.

The stock was bought as an investment, the filing stated.