Exzeo Group (NYSE:XZO) Upgraded at Zacks Research

Zacks Research upgraded shares of Exzeo Group (NYSE:XZO) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks reports.

Separately, Weiss Ratings upgraded shares of Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Exzeo Group presently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Exzeo Group Trading Up 4.1%

NYSE XZO opened at $15.85 on Tuesday. The stock’s 50-day moving average price is $15.98 and its two-hundred day moving average price is $15.41. The company has a market cap of $1.43 billion and a PE ratio of 16.17. Exzeo Group has a 1 year low of $12.36 and a 1 year high of $24.60.

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

Institutional Investors Weigh In On Exzeo Group

Institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC grew its stake in Exzeo Group by 13.8% during the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock valued at $10,317,000 after acquiring an additional 85,126 shares in the last quarter. Whetstone Capital Advisors LLC boosted its holdings in shares of Exzeo Group by 31.6% during the second quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company’s stock worth $9,136,000 after purchasing an additional 130,191 shares during the period. FJ Capital Management LLC acquired a new stake in shares of Exzeo Group during the fourth quarter worth approximately $5,768,000. Atom Investors LP purchased a new position in Exzeo Group during the fourth quarter valued at approximately $3,888,000. Finally, Alden Global Capital LLC acquired a new position in Exzeo Group in the 4th quarter valued at approximately $2,971,000.

About Exzeo Group

Exzeo Group, Inc is an insurance company focused on providing property and casualty insurance products in markets that are exposed to severe weather and other catastrophe risks. The company uses technology and data-driven underwriting processes to support the development, distribution and administration of insurance coverage.

Its business is centered on personal and commercial property insurance offerings, including coverage designed for homeowners and other property owners. Exzeo distributes its products through insurance agents and other industry partners, with an emphasis on serving customers in regions where traditional insurers may have limited capacity.

The company is headquartered in the United States and operates through its insurance and related service subsidiaries.