Promising Insurance Stocks To Add to Your Watchlist - August 10th

Key Points

• Tesla, UnitedHealth Group, and Berkshire Hathaway are highlighted as key insurance stocks to watch, based on recent trading volume and performance metrics.
• Tesla's stock reached $329.61 with a significant trading volume of 90,979,625 shares, while UnitedHealth Group traded up to $250.74 on a volume of approximately 10 million shares.
• Berkshire Hathaway had a midday trading increase to $465.44, with a market cap of $1.00 trillion, showcasing its diversified operations in insurance and utilities.

Tesla, UnitedHealth Group, and Berkshire Hathaway are the three Insurance stocks to watch today, according to MarketBeat's stock screener tool. Insurance stocks are the publicly traded shares of companies that underwrite and sell insurance policies, providing risk-management products for individuals and businesses. Their market performance reflects a combination of underwriting results, investment income and exposure to claim events such as natural disasters. 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 Tesla stock traded up $7.34 during trading hours on Friday, hitting $329.61. The company's stock had a trading volume of 90,979,625 shares, compared to its average volume of 89,568,456. The firm has a fifty day moving average of $318.68 and a 200-day moving average of $307.45. Tesla has a twelve month low of $194.67 and a twelve month high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The stock has a market cap of $1.06 trillion, a price-to-earnings ratio of 190.53, a P/E/G ratio of 11.58 and a beta of 2.33.

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.

UNH stock traded up $6.07 during mid-day trading on Friday, reaching $250.74. The company had a trading volume of 10,146,688 shares, compared to its average volume of 18,404,546. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85. UnitedHealth Group has a fifty-two week low of $234.60 and a fifty-two week high of $630.73. The company has a market capitalization of $227.46 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 1.62 and a beta of 0.43. The firm has a fifty day simple moving average of $291.78 and a 200 day simple moving average of $406.04.

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.

Shares of NYSE BRK.B traded up $3.97 during midday trading on Friday, hitting $465.44. 3,326,715 shares of the company's stock were exchanged, compared to its average volume of 4,910,150. The firm's fifty day simple moving average is $481.45 and its 200-day simple moving average is $496.80. The company has a market cap of $1.00 trillion, a PE ratio of 15.96, a P/E/G ratio of 3.24 and a beta of 0.81. Berkshire Hathaway has a twelve month low of $425.90 and a twelve month high of $542.07.

Read Our Latest Research Report on BRK.B

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