Insurance Stocks To Follow Now – June 9th

Tesla, UnitedHealth Group, Berkshire Hathaway, Progressive, and SoFi Technologies are the five Insurance stocks to watch today, according to MarketBeat’s stock screener tool. Insurance stocks are shares of publicly traded insurance companies that underwrite policies, collect premiums, and invest those funds to generate profits. Investors in these stocks earn returns through dividends and capital appreciation, driven by a company’s underwriting results and investment performance. Their value is sensitive to factors like claim frequency, regulatory changes, and fluctuations 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 NASDAQ TSLA traded up $6.10 during midday trading on Monday, reaching $301.24. The company’s stock had a trading volume of 94,777,797 shares, compared to its average volume of 99,859,582. The stock has a 50 day simple moving average of $292.17 and a 200-day simple moving average of $333.51. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $970.28 billion, a price-to-earnings ratio of 147.76, a PEG ratio of 5.86 and a beta of 2.47. Tesla has a fifty-two week low of $167.41 and a fifty-two week high of $488.54.

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 stock traded down $1.16 during midday trading on Monday, hitting $302.06. The company’s stock had a trading volume of 7,122,336 shares, compared to its average volume of 7,010,739. The company’s fifty day moving average price is $409.03 and its 200 day moving average price is $482.60. UnitedHealth Group has a twelve month low of $248.88 and a twelve month high of $630.73. 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 stock has a market capitalization of $274.01 billion, a P/E ratio of 19.50, a PEG ratio of 1.37 and a beta of 0.44.

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 down $0.10 during midday trading on Monday, reaching $493.43. The company had a trading volume of 2,353,465 shares, compared to its average volume of 4,363,886. Berkshire Hathaway has a 1-year low of $403.33 and a 1-year high of $542.07. The stock has a market cap of $1.06 trillion, a PE ratio of 9.96, a P/E/G ratio of 3.45 and a beta of 0.85. The business’s 50 day moving average price is $513.46 and its 200 day moving average price is $490.97.

Progressive (PGR)

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.

NYSE PGR traded down $8.61 during trading hours on Monday, hitting $270.71. 3,114,066 shares of the company traded hands, compared to its average volume of 2,992,789. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 0.31. The business’s 50-day moving average is $276.19 and its 200-day moving average is $264.50. The stock has a market capitalization of $158.70 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 1.70 and a beta of 0.40. Progressive has a twelve month low of $201.34 and a twelve month high of $292.99.

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 $0.16 on Monday, reaching $14.09. 51,676,082 shares of the company were exchanged, compared to its average volume of 49,149,122. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 38.07, a PEG ratio of 2.24 and a beta of 1.82. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. SoFi Technologies has a one year low of $6.01 and a one year high of $18.42. The company has a 50-day moving average of $12.37 and a 200 day moving average of $14.00.