Free Trial

Insurance Stocks To Watch Now - August 2nd

Tesla logo with Auto/Tires/Trucks background

Key Points

  • Tesla, UnitedHealth Group, Berkshire Hathaway, SoFi Technologies, and Caterpillar are highlighted as the top insurance stocks to watch according to MarketBeat's stock screener tool, featuring strong trading volumes recently.
  • UnitedHealth Group operates through several segments including UnitedHealthcare and Optum, providing a variety of health benefit plans and services, while its stock faced a decline to $237.40 with significant trading volume.
  • Berkshire Hathaway boasts a market cap of over $1 trillion, is involved in diverse businesses including insurance and utilities, and traded steadily, reaching $472.77 with an increasing volume compared to its average.
  • Five stocks we like better than Tesla.

Tesla, UnitedHealth Group, Berkshire Hathaway, SoFi Technologies, and Caterpillar are the five Insurance stocks to watch today, according to MarketBeat's stock screener tool. Insurance stocks are publicly traded shares of companies that underwrite and provide insurance policies—such as life, health, property, or casualty coverage—to individuals and businesses. These firms generate revenue by collecting premiums, paying out claims, and investing the premiums until liabilities come due. Investors often view insurance stocks as having defensive characteristics because of their relatively steady cash flows and dividend‐paying histories. These companies had the highest dollar trading volume of any Insurance stocks within the last several days.

Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

NASDAQ TSLA traded down $5.64 on Friday, reaching $302.63. The company had a trading volume of 88,785,612 shares, compared to its average volume of 91,739,856. The stock has a market cap of $976.12 billion, a price-to-earnings ratio of 174.93, a PEG ratio of 10.83 and a beta of 2.33. The stock's 50 day moving average is $322.22 and its 200-day moving average is $311.84. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. Tesla has a 52 week low of $182.00 and a 52 week high of $488.54.

Read Our Latest Research Report on TSLA

UnitedHealth Group (UNH)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

Shares of NYSE UNH traded down $12.16 during mid-day trading on Friday, reaching $237.40. 39,874,177 shares of the company's stock were exchanged, compared to its average volume of 15,268,949. The business has a fifty day simple moving average of $296.86 and a 200 day simple moving average of $416.24. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. UnitedHealth Group has a twelve month low of $234.60 and a twelve month high of $630.73. The firm has a market capitalization of $215.36 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 1.56 and a beta of 0.43.

Read Our Latest Research Report on UNH

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

NYSE BRK.B traded up $0.89 during trading on Friday, hitting $472.77. The stock had a trading volume of 5,282,567 shares, compared to its average volume of 4,084,114. The company's 50-day moving average price is $485.54 and its two-hundred day moving average price is $496.60. The company has a market capitalization of $1.02 trillion, a PE ratio of 12.60, a P/E/G ratio of 3.28 and a beta of 0.81. Berkshire Hathaway has a 12 month low of $406.11 and a 12 month high of $542.07.

Read Our Latest Research Report on BRK.B

SoFi Technologies (SOFI)

SoFi Technologies, Inc. provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

NASDAQ SOFI traded down $1.35 during trading on Friday, reaching $21.23. 89,110,938 shares of the company's stock were exchanged, compared to its average volume of 78,996,248. SoFi Technologies has a fifty-two week low of $6.01 and a fifty-two week high of $25.11. The business has a 50 day moving average price of $17.59 and a 200-day moving average price of $14.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.14. The stock has a market capitalization of $23.47 billion, a P/E ratio of 44.23, a PEG ratio of 2.68 and a beta of 1.92.

Read Our Latest Research Report on SOFI

Caterpillar (CAT)

Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

CAT stock traded down $9.17 during trading hours on Friday, hitting $428.85. 4,027,319 shares of the stock were exchanged, compared to its average volume of 2,534,010. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43. The company has a 50-day simple moving average of $385.66 and a two-hundred day simple moving average of $354.36. Caterpillar has a 12 month low of $267.30 and a 12 month high of $441.15. The firm has a market capitalization of $202.01 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.74 and a beta of 1.38.

Read Our Latest Research Report on CAT

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Tesla Right Now?

Before you consider Tesla, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.

While Tesla currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

This Unique Robotaxi Play Could Deliver 10X Returns
Magnificent 7 Stocks Shift Toward Stability and Selective Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines