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Top Insurance Stocks To Add to Your Watchlist - August 12th

Tesla logo with Auto/Tires/Trucks background

Key Points

  • MarketBeat highlights seven key insurance stocks to watch, including Tesla, UnitedHealth Group, and Berkshire Hathaway, noting their trading volume as significant in recent days.
  • Tesla's shares have recently traded at $341.07, with a notable market cap of $1.10 trillion and a P/E ratio of 197.21.
  • UnitedHealth Group's stock hit $261.62, showing strong trading activity and a market capitalization of $237.32 billion amidst its diversified healthcare services.
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Tesla, UnitedHealth Group, SoFi Technologies, Berkshire Hathaway, Intuit, Wells Fargo & Company, and Caterpillar are the seven Insurance stocks to watch today, according to MarketBeat's stock screener tool. Insurance stocks are shares in companies that underwrite insurance policies—such as life, health, property and casualty—to protect individuals and businesses against various risks. Their performance hinges on underwriting results (premiums collected minus claims paid), investment income generated from the float, and external factors like interest‐rate movements, claim frequency and severity, and regulatory changes. 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 $2.04 during trading on Tuesday, reaching $341.07. The company had a trading volume of 70,011,621 shares, compared to its average volume of 106,549,852. The business's 50-day moving average is $318.61 and its 200 day moving average is $306.24. 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 12-month low of $197.06 and a 12-month high of $488.54. The stock has a market cap of $1.10 trillion, a PE ratio of 197.21, a P/E/G ratio of 11.46 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.

Shares of UNH traded up $9.25 during mid-day trading on Tuesday, reaching $261.62. The company had a trading volume of 9,814,310 shares, compared to its average volume of 12,083,987. UnitedHealth Group has a 52-week low of $234.60 and a 52-week high of $630.73. The stock has a 50 day moving average of $290.74 and a two-hundred day moving average of $403.22. The stock has a market capitalization of $237.32 billion, a P/E ratio of 11.34, a PEG ratio of 1.62 and a beta of 0.43. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.73.

Read Our Latest Research Report on UNH

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 up $1.16 on Tuesday, hitting $23.58. 49,540,832 shares of the stock were exchanged, compared to its average volume of 60,370,141. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.14. SoFi Technologies has a 52-week low of $6.49 and a 52-week high of $25.11. The company's 50-day moving average price is $18.62 and its two-hundred day moving average price is $15.05. The company has a market capitalization of $26.06 billion, a price-to-earnings ratio of 49.11, a P/E/G ratio of 2.74 and a beta of 1.93.

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.

Shares of BRK.B stock traded up $6.12 on Tuesday, hitting $470.85. The company's stock had a trading volume of 2,411,097 shares, compared to its average volume of 4,882,690. Berkshire Hathaway has a fifty-two week low of $425.90 and a fifty-two week high of $542.07. The firm's fifty day moving average price is $480.69 and its 200-day moving average price is $497.08. The stock has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 3.24 and a beta of 0.81.

Read Our Latest Research Report on BRK.B

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.

Intuit stock traded up $7.09 on Tuesday, reaching $713.18. 1,320,051 shares of the stock were exchanged, compared to its average volume of 1,768,524. The stock has a market cap of $198.94 billion, a PE ratio of 57.91, a PEG ratio of 2.89 and a beta of 1.28. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.29. Intuit has a twelve month low of $532.65 and a twelve month high of $813.70. The firm has a fifty day moving average price of $768.10 and a two-hundred day moving average price of $668.87.

Read Our Latest Research Report on INTU

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 up $1.70 on Tuesday, reaching $79.29. 10,164,077 shares of the stock were exchanged, compared to its average volume of 17,413,482. The stock has a market cap of $253.98 billion, a PE ratio of 13.59, a PEG ratio of 1.21 and a beta of 1.20. 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 twelve month low of $50.22 and a twelve month high of $84.83. The firm has a fifty day moving average price of $78.98 and a two-hundred day moving average price of $74.93.

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.

Caterpillar stock traded up $3.83 on Tuesday, reaching $412.37. 1,646,189 shares of the stock were exchanged, compared to its average volume of 2,734,048. The stock has a market cap of $193.19 billion, a PE ratio of 21.00, a PEG ratio of 2.47 and a beta of 1.40. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. Caterpillar has a twelve month low of $267.30 and a twelve month high of $441.15. The firm has a fifty day moving average price of $394.65 and a two-hundred day moving average price of $355.11.

Read Our Latest Research Report on CAT

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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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