Top Insurance Stocks To Keep An Eye On - August 1st

Key Points

• Tesla, UnitedHealth Group, Berkshire Hathaway, SoFi Technologies, Caterpillar, CyberArk Software, and LPL Financial are highlighted as the top insurance stocks to watch based on their recent trading volume, indicating strong investor interest.
• Market performance metrics for each company vary, with Tesla's stock showing significant fluctuations between $182.00 and $488.54 within the year, while UnitedHealth Group ranges between $235.70 and $630.73.
• The performance of insurance stocks is influenced by factors such as claim frequency, interest rates, regulatory changes, and overall economic conditions, which investors should consider when assessing these stocks.

Tesla, UnitedHealth Group, Berkshire Hathaway, SoFi Technologies, Caterpillar, CyberArk Software, and LPL Financial are the seven Insurance stocks to watch today, according to MarketBeat's stock screener tool. Insurance stocks are shares of publicly traded companies whose primary business is underwriting and selling insurance policies, such as life, health, property, and casualty coverage. Investors buy these stocks to gain exposure to the insurance industry’s earnings, which are generated from premium income and investment returns on reserves. Performance of insurance stocks is influenced by factors like claim frequency, interest rates, regulatory changes, and overall economic conditions. 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 down $6.52 on Friday, hitting $301.75. 72,927,423 shares of the company's stock were exchanged, compared to its average volume of 107,794,789. Tesla has a 12 month low of $182.00 and a 12 month high of $488.54. The stock has a market capitalization of $973.28 billion, a price-to-earnings ratio of 174.42, a price-to-earnings-growth ratio of 11.21 and a beta of 2.39. The business's 50 day simple moving average is $322.96 and its two-hundred day simple moving average is $312.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55.

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 traded down $13.23 on Friday, reaching $236.33. 29,997,330 shares of the company traded hands, compared to its average volume of 11,921,978. UnitedHealth Group has a one year low of $235.70 and a one year high of $630.73. The firm has a fifty day simple moving average of $298.02 and a two-hundred day simple moving average of $418.35. The company has a market cap of $214.38 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 1.54 and a beta of 0.45. 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

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 Berkshire Hathaway stock traded up $1.19 on Friday, hitting $473.07. 3,519,182 shares of the company traded hands, compared to its average volume of 4,848,301. The stock's 50 day moving average price is $486.16 and its 200-day moving average price is $496.44. Berkshire Hathaway has a 52 week low of $406.11 and a 52 week high of $542.07. The company has a market cap of $1.02 trillion, a PE ratio of 12.62, a PEG ratio of 3.31 and a beta of 0.83.

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.

Shares of SoFi Technologies stock traded down $1.30 on Friday, hitting $21.28. 73,517,874 shares of the company traded hands, compared to its average volume of 60,719,254. The company has a current ratio of 0.80, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average price is $17.43 and its 200-day moving average price is $14.82. The company has a market cap of $23.52 billion, a PE ratio of 44.25, a PEG ratio of 2.57 and a beta of 1.91. SoFi Technologies has a 52 week low of $6.01 and a 52 week high of $25.11.

Read Our Latest Research Report on SOFI

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 CAT stock traded down $9.12 on Friday, hitting $428.90. The stock had a trading volume of 2,982,499 shares, compared to its average volume of 2,698,885. The company has a quick ratio of 0.77, a current ratio of 1.32 and a debt-to-equity ratio of 1.43. The business has a 50 day moving average price of $383.95 and a 200 day moving average price of $353.96. The company has a market cap of $202.03 billion, a PE ratio of 20.90, a P/E/G ratio of 2.72 and a beta of 1.38. Caterpillar has a one year low of $267.30 and a one year high of $441.15.

Read Our Latest Research Report on CAT

CyberArk Software (CYBR)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.

Shares of NASDAQ:CYBR traded up $1.26 during trading hours on Friday, hitting $412.73. The company's stock had a trading volume of 2,379,315 shares, compared to its average volume of 865,044. CyberArk Software has a 52 week low of $230.00 and a 52 week high of $452.00. The company has a market capitalization of $20.40 billion, a price-to-earnings ratio of -122.47 and a beta of 1.00. The firm's fifty day moving average price is $391.33 and its 200 day moving average price is $367.51.

Read Our Latest Research Report on CYBR

LPL Financial (LPLA)

LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.

Shares of LPLA traded down $28.69 during trading hours on Friday, hitting $367.04. The company had a trading volume of 2,377,681 shares, compared to its average volume of 819,044. The company has a market capitalization of $29.36 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 0.98 and a beta of 0.64. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 1.82. LPL Financial has a one year low of $187.19 and a one year high of $403.58. The company's fifty day moving average price is $378.58 and its two-hundred day moving average price is $354.67.

Read Our Latest Research Report on LPLA

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