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Insurance Stocks Worth Watching - August 11th

Tesla logo with Auto/Tires/Trucks background

Key Points

  • MarketBeat identifies seven insurance stocks to watch, which include Tesla, UnitedHealth Group, and Berkshire Hathaway, all of which had the highest dollar trading volume recently.
  • Tesla shares increased to $340.50 with high trading volume, reflecting its significant market activity and capitalizing on its electric vehicle and energy market segments.
  • UnitedHealth Group's stock rose to $252.68 as it continues to provide a wide range of health care benefits and services across various segments.
  • Want stock alerts on Tesla? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Tesla, UnitedHealth Group, Intuit, SoFi Technologies, Berkshire Hathaway, Caterpillar, and Wells Fargo & Company are the seven Insurance stocks to watch today, according to MarketBeat's stock screener tool. Insurance stocks are equity shares in companies that underwrite and manage insurance policies—ranging from life and health to property and casualty—and generate income through premiums, underwriting profits, and investment portfolios. They often attract income-focused investors with steady dividend payouts and tend to be sensitive to interest-rate movements, regulatory changes, and the frequency and severity of insured losses. 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.

Shares of NASDAQ:TSLA traded up $10.85 during mid-day trading on Monday, hitting $340.50. The company had a trading volume of 90,757,899 shares, compared to its average volume of 106,692,219. The firm has a fifty day moving average price of $318.68 and a 200 day moving average price of $306.71. The company has a market capitalization of $1.10 trillion, a PE ratio of 197.00, a price-to-earnings-growth ratio of 11.46 and a beta of 2.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. Tesla has a one year low of $194.67 and a one year 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.

NYSE UNH traded up $1.79 during mid-day trading on Monday, hitting $252.68. The company's stock had a trading volume of 9,357,980 shares, compared to its average volume of 12,084,869. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $229.22 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.62 and a beta of 0.43. The company's 50 day simple moving average is $291.78 and its 200 day simple moving average is $405.18. UnitedHealth Group has a twelve month low of $234.60 and a twelve month high of $630.73.

Read Our Latest Research Report on UNH

Intuit (INTU)

Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.

Shares of NASDAQ INTU traded down $39.65 during mid-day trading on Monday, reaching $709.35. 2,243,562 shares of the company's stock were exchanged, compared to its average volume of 1,765,007. Intuit has a 52 week low of $532.65 and a 52 week high of $813.70. The firm has a 50-day moving average price of $769.27 and a two-hundred day moving average price of $668.11. The firm has a market capitalization of $197.87 billion, a price-to-earnings ratio of 57.69, a price-to-earnings-growth ratio of 2.89 and a beta of 1.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45.

Read Our Latest Research Report on INTU

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.

Shares of SOFI traded up $0.37 during midday trading on Monday, hitting $22.47. 50,869,668 shares of the company traded hands, compared to its average volume of 60,390,918. SoFi Technologies has a one year low of $6.47 and a one year high of $25.11. 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 firm has a market cap of $24.84 billion, a P/E ratio of 46.84, a PEG ratio of 2.74 and a beta of 1.93. The stock has a 50-day moving average of $18.45 and a 200-day moving average of $15.01.

Read Our Latest Research Report on SOFI

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 down $0.36 on Monday, reaching $465.04. 2,192,978 shares of the company's stock traded hands, compared to its average volume of 4,889,312. Berkshire Hathaway has a 12 month low of $425.90 and a 12 month high of $542.07. The stock has a market cap of $1.00 trillion, a PE ratio of 15.94, a P/E/G ratio of 3.24 and a beta of 0.81. The stock has a 50-day simple moving average of $481.45 and a 200 day simple moving average of $497.06.

Read Our Latest Research Report on BRK.B

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 $7.67 on Monday, reaching $408.85. The company's stock had a trading volume of 2,229,416 shares, compared to its average volume of 2,733,701. The business has a fifty day simple moving average of $393.37 and a two-hundred day simple moving average of $355.11. Caterpillar has a 12-month low of $267.30 and a 12-month high of $441.15. The firm has a market cap of $191.54 billion, a PE ratio of 20.79, a PEG ratio of 2.47 and a beta of 1.40. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34.

Read Our Latest Research Report on CAT

Wells Fargo & Company (WFC)

Wells Fargo & Co. is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.

Wells Fargo & Company stock traded down $0.21 on Monday, hitting $77.64. 9,005,454 shares of the stock traded hands, compared to its average volume of 17,425,615. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.06. The firm has a market cap of $248.71 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 1.21 and a beta of 1.20. The business's fifty day simple moving average is $78.92 and its 200 day simple moving average is $74.93. Wells Fargo & Company has a 1 year low of $50.22 and a 1 year high of $84.83.

Read Our Latest Research Report on WFC

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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.

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