Promising Insurance Stocks Worth Watching - May 31st

Tesla, UnitedHealth Group, and Berkshire Hathaway are the three Insurance stocks to watch today, according to MarketBeat's stock screener tool. Insurance stocks are equity shares issued by companies that underwrite and sell insurance policies—such as life, health, property, and casualty coverage. Investors in these stocks participate in the insurer’s profits, which stem from the difference between premiums collected and claims paid, plus the investment income earned on reserve funds. Because insurers hold large bond portfolios and operate in a regulated, cyclical industry, their stock prices tend to be sensitive to interest-rate moves, economic conditions, and regulatory shifts. 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 down $9.34 during trading hours on Friday, reaching $349.09. The company's stock had a trading volume of 122,996,137 shares, compared to its average volume of 98,033,976. Tesla has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The firm's 50 day simple moving average is $286.92 and its 200-day simple moving average is $333.95. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 171.12, a PEG ratio of 5.86 and a beta of 2.43.

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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 $2.91 during trading hours on Friday, hitting $301.08. The company's stock had a trading volume of 16,265,624 shares, compared to its average volume of 6,787,922. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.91. The company has a market capitalization of $273.12 billion, a P/E ratio of 19.42, a PEG ratio of 1.37 and a beta of 0.56. UnitedHealth Group has a twelve month low of $248.88 and a twelve month high of $630.73. The stock has a fifty day simple moving average of $430.87 and a 200-day simple moving average of $494.23.

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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 BRK.B traded down $2.67 during mid-day trading on Friday, reaching $503.51. The company had a trading volume of 9,150,028 shares, compared to its average volume of 4,346,341. The company has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 3.45 and a beta of 0.88. The company's 50 day simple moving average is $517.17 and its 200 day simple moving average is $489.78. Berkshire Hathaway has a 1-year low of $403.33 and a 1-year high of $542.07.

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