Exzeo Group (NYSE:XZO) Issues Earnings Results

Exzeo Group (NYSE:XZO) issued its quarterly earnings data on Wednesday. The company reported $0.25 EPS for the quarter, FiscalAI reports. The firm had revenue of $53.89 million for the quarter. Exzeo Group had a net margin of 39.14% and a return on equity of 38.77%.

Exzeo Group Trading Up 9.0%

Shares of NYSE:XZO traded up $1.60 during trading on Wednesday, hitting $19.39. 607,717 shares of the company’s stock were exchanged, compared to its average volume of 230,317. The firm has a market cap of $1.75 billion and a P/E ratio of 19.78. The firm has a 50-day moving average price of $16.26 and a two-hundred day moving average price of $15.99. Exzeo Group has a 1-year low of $12.36 and a 1-year high of $24.60.

Institutional Trading of Exzeo Group

A number of institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new position in Exzeo Group in the third quarter valued at about $56,000. Engineers Gate Manager LP acquired a new stake in shares of Exzeo Group in the 2nd quarter valued at approximately $272,000. Bank of New York Mellon Corp acquired a new stake in shares of Exzeo Group in the 2nd quarter valued at approximately $287,000. State of Wyoming acquired a new stake in shares of Exzeo Group in the 1st quarter valued at approximately $334,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Exzeo Group during the 1st quarter worth approximately $678,000.

Wall Street Analyst Weigh In

XZO has been the topic of several research analyst reports. Weiss Ratings raised shares of Exzeo Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Truist Financial reissued a “buy” rating and issued a $24.00 price target (down from $25.00) on shares of Exzeo Group in a report on Tuesday. Finally, Zacks Research upgraded shares of Exzeo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 6th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.50.

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.