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Promising Insurance Stocks Worth Watching - August 8th

Tesla logo with Auto/Tires/Trucks background

Key Points

  • MarketBeat identified seven insurance stocks to watch, including Tesla, UnitedHealth Group, and Berkshire Hathaway, based on their high dollar trading volume recently.
  • Tesla shares rose by $7.39 to reach $329.66 with a market capitalization of $1.06 trillion, showing substantial trading activity of over 74 million shares.
  • UnitedHealth Group's stock increased by $4.54 to hit $249.21, with a market cap of $226.07 billion and a significant trading volume of over 7 million shares.
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Tesla, UnitedHealth Group, Berkshire Hathaway, SoFi Technologies, Wells Fargo & Company, Caterpillar, and Intuit are the seven Insurance stocks to watch today, according to MarketBeat's stock screener tool. Insurance stocks are equity shares of companies that underwrite and sell life, health, property or casualty insurance policies. These firms earn revenue both from the premiums they collect and from investing policyholder reserves. Investors in insurance stocks typically seek steady dividend income and diversification benefits, though returns can be affected by claim volatility, catastrophe losses and changes in interest rates. 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 TSLA stock traded up $7.39 on Friday, hitting $329.66. 74,154,297 shares of the stock traded hands, compared to its average volume of 106,680,313. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The company has a market capitalization of $1.06 trillion, a PE ratio of 190.76, a PEG ratio of 11.24 and a beta of 2.33. Tesla has a 1-year low of $194.67 and a 1-year high of $488.54. The company's fifty day moving average is $319.07 and its 200 day moving average is $308.84.

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 UNH stock traded up $4.54 on Friday, hitting $249.21. 7,270,853 shares of the stock traded hands, compared to its average volume of 12,083,469. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $226.07 billion, a PE ratio of 10.80, a PEG ratio of 1.59 and a beta of 0.43. UnitedHealth Group has a 1-year low of $234.60 and a 1-year high of $630.73. The company's fifty day moving average is $292.78 and its 200 day moving average is $408.71.

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.

BRK.B traded up $3.28 during trading on Friday, reaching $464.75. 1,979,881 shares of the company were exchanged, compared to its average volume of 4,898,185. The stock has a market cap of $1.00 trillion, a P/E ratio of 15.92, a PEG ratio of 3.26 and a beta of 0.81. The firm has a 50 day moving average of $482.21 and a 200 day moving average of $496.57. Berkshire Hathaway has a 52 week low of $425.90 and a 52 week 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.

SOFI traded up $0.18 during trading on Friday, reaching $22.26. 39,261,313 shares of the company were exchanged, compared to its average volume of 60,386,313. The stock has a market cap of $24.60 billion, a P/E ratio of 46.26, a PEG ratio of 2.66 and a beta of 1.93. The firm has a 50 day moving average of $18.27 and a 200 day moving average of $15.02. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. SoFi Technologies has a 52 week low of $6.47 and a 52 week high of $25.11.

Read Our Latest Research Report on SOFI

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.

WFC traded up $1.33 during trading on Friday, reaching $77.93. 9,545,659 shares of the company were exchanged, compared to its average volume of 17,451,588. The stock has a market cap of $253.60 billion, a P/E ratio of 13.34, a PEG ratio of 1.21 and a beta of 1.20. The firm has a 50 day moving average of $78.86 and a 200 day moving average of $74.97. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.06. Wells Fargo & Company has a 52 week low of $50.22 and a 52 week high of $84.83.

Read Our Latest Research Report on WFC

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.

Shares of NYSE:CAT traded up $0.09 on Friday, hitting $417.21. The company's stock had a trading volume of 1,738,569 shares, compared to its average volume of 2,729,154. Caterpillar has a 12 month low of $267.30 and a 12 month high of $441.15. The company has a market capitalization of $196.52 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.69 and a beta of 1.40. The stock's 50-day moving average is $391.99 and its two-hundred day moving average is $355.63. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.77 and a current ratio of 1.34.

Read Our Latest Research Report on CAT

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 $12.39 on Friday, hitting $749.22. The company's stock had a trading volume of 960,767 shares, compared to its average volume of 1,757,303. Intuit has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a market capitalization of $208.99 billion, a price-to-earnings ratio of 60.87, a price-to-earnings-growth ratio of 3.00 and a beta of 1.28. The stock's 50-day moving average is $769.33 and its two-hundred day moving average is $666.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.45 and a current ratio of 1.45.

Read Our Latest Research Report on INTU

Further Reading

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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