Exzeo Group, Inc. (NYSE:XZO) Receives $26.00 Average PT from Analysts

Shares of Exzeo Group, Inc. (NYSE:XZOGet Free Report) have been given a consensus rating of “Hold” by the five ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $26.00.

Several research analysts have recently weighed in on XZO shares. Weiss Ratings upgraded Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Zacks Research downgraded Exzeo Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 26th.

Check Out Our Latest Stock Report on XZO

Institutional Trading of Exzeo Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Exzeo Group by 17.4% during the first quarter. Bank of America Corp DE now owns 58,695 shares of the company’s stock valued at $861,000 after purchasing an additional 8,695 shares during the period. Ionic Capital Management LLC bought a new stake in Exzeo Group during the 4th quarter worth approximately $328,000. Engineers Gate Manager LP purchased a new position in Exzeo Group during the second quarter valued at approximately $272,000. Bank of New York Mellon Corp purchased a new stake in shares of Exzeo Group in the second quarter worth $287,000. Finally, State of Wyoming bought a new stake in shares of Exzeo Group during the 1st quarter valued at $334,000.

Exzeo Group Trading Up 0.5%

NYSE XZO opened at $16.65 on Wednesday. Exzeo Group has a 12 month low of $12.36 and a 12 month high of $24.60. The stock has a market cap of $1.50 billion and a P/E ratio of 16.99. The stock’s fifty day moving average price is $16.21 and its 200-day moving average price is $15.43.

Exzeo Group (NYSE:XZOGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $56.29 million during the quarter. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%.Exzeo Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. As a group, analysts forecast that Exzeo Group will post 0.98 earnings per share for the current fiscal year.

Exzeo Group declared that its board has initiated a share repurchase program on Tuesday, May 26th that allows the company to repurchase $12.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Exzeo Group Company Profile

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Analyst Recommendations for Exzeo Group (NYSE:XZO)

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