Exzeo Group, Inc. (NYSE:XZO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Exzeo Group, Inc. (NYSE:XZO) have been given a consensus rating of “Moderate Buy” by the five brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $26.00.

A number of research firms recently weighed in on XZO. Zacks Research upgraded Exzeo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Wall Street Zen cut Exzeo Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings downgraded Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th.

Exzeo Group Stock Up 3.3%

Shares of NYSE:XZO opened at $15.81 on Tuesday. The company has a market cap of $1.44 billion and a P/E ratio of 21.96. Exzeo Group has a 52 week low of $12.36 and a 52 week high of $24.60. The company has a 50-day moving average price of $14.93 and a 200 day moving average price of $16.16.

Exzeo Group (NYSE:XZO) last released its earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $54.01 million for the quarter, compared to analyst estimates of $55.90 million. Analysts expect that Exzeo Group will post 1.01 EPS for the current year.

Exzeo Group announced that its Board of Directors has approved a stock buyback plan on Tuesday, May 26th that authorizes the company to repurchase $12.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Paresh Patel bought 2,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $13.26 per share, for a total transaction of $26,520.00. Following the completion of the transaction, the chief executive officer owned 1,672,013 shares of the company’s stock, valued at $22,170,892.38. This represents a 0.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 18,000 shares of company stock worth $264,040 over the last quarter. 4.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exzeo Group

A number of hedge funds and other institutional investors have recently modified their holdings of XZO. Ophir Asset Management Pty Ltd purchased a new stake in shares of Exzeo Group during the 4th quarter worth approximately $23,907,000. Janus Henderson Group PLC increased its stake in Exzeo Group by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock valued at $10,317,000 after purchasing an additional 85,126 shares in the last quarter. Jennison Associates LLC acquired a new position in Exzeo Group during the fourth quarter worth $14,096,000. Goldman Sachs Group Inc. acquired a new position in Exzeo Group during the fourth quarter worth $12,551,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Exzeo Group during the fourth quarter worth $7,059,000.

Exzeo Group Company Profile

Exzeo provides turnkey insurance technology and operations solutions to insurance carriers and their agents based on a proprietary platform of purpose-built software and data analytics applications that are specifically designed for the property and casualty, or P&C, insurance ecosystem. Exzeo’s Insurance-as-a-Service (IaaS) platform, which we refer to as the “Exzeo Platform,” currently includes nine highly configurable software and data analytics applications that are purpose-built to serve insurance companies and other customers in the insurance value chain.