Top Insurance Stocks Worth Watching - May 9th

Tesla, UnitedHealth Group, Berkshire Hathaway, Toast, and Rivian Automotive are the five Insurance stocks to watch today, according to MarketBeat's stock screener tool. Insurance stocks are shares of publicly traded companies whose core business is underwriting and selling insurance policies (life, health, property-casualty, etc.). Investors in these equities earn returns from a combination of underwriting profits (premiums minus claims and operating costs) and investment income on the insurers’ reserves. Performance of insurance stocks is typically influenced by factors such as interest‐rate movements, catastrophe losses, competitive pricing, 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 $12.23 during mid-day trading on Friday, hitting $297.05. The stock had a trading volume of 111,997,484 shares, compared to its average volume of 95,957,119. The company has a market cap of $956.78 billion, a PE ratio of 145.61, a P/E/G ratio of 5.86 and a beta of 2.43. Tesla has a 12-month low of $167.41 and a 12-month high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company's 50 day moving average is $258.13 and its 200-day moving average is $326.09.

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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.

Shares of UNH traded down $5.72 during midday trading on Friday, reaching $379.83. 5,557,259 shares of the stock were exchanged, compared to its average volume of 4,689,246. The company has a quick ratio of 0.91, a current ratio of 0.83 and a debt-to-equity ratio of 0.74. The company has a market cap of $345.73 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 1.37 and a beta of 0.56. The firm has a 50 day simple moving average of $489.89 and a 200-day simple moving average of $523.90. UnitedHealth Group has a 12-month low of $378.70 and a 12-month high of $630.73.

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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 NYSE:BRK.B traded up $1.46 on Friday, reaching $514.71. The company had a trading volume of 2,335,638 shares, compared to its average volume of 4,237,266. Berkshire Hathaway has a twelve month low of $401.58 and a twelve month high of $542.07. The stock has a 50-day moving average price of $518.17 and a 200 day moving average price of $484.26. The stock has a market capitalization of $1.11 trillion, a P/E ratio of 10.40, a P/E/G ratio of 3.45 and a beta of 0.88.

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Toast (TOST)

Toast, Inc. operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.

Toast stock traded up $4.02 on Friday, reaching $40.67. 16,024,359 shares of the stock were exchanged, compared to its average volume of 6,811,923. The stock has a market cap of $20.23 billion, a PE ratio of -4,062.94, a PEG ratio of 2.16 and a beta of 1.98. The firm has a fifty day moving average price of $34.45 and a two-hundred day moving average price of $36.73. Toast has a twelve month low of $21.32 and a twelve month high of $44.12.

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Rivian Automotive (RIVN)

Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.

Shares of NASDAQ RIVN traded up $0.60 during trading hours on Friday, hitting $14.28. 39,032,648 shares of the company's stock were exchanged, compared to its average volume of 36,191,030. The stock has a market capitalization of $16.15 billion, a price-to-earnings ratio of -3.03 and a beta of 1.86. The company's 50-day moving average price is $11.92 and its 200-day moving average price is $12.31. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.09 and a quick ratio of 3.70. Rivian Automotive has a 1-year low of $9.50 and a 1-year high of $18.86.

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