Exzeo Group, Inc. (NYSE:XZO) Receives $26.00 Consensus Target Price from Brokerages

Shares of Exzeo Group, Inc. (NYSE:XZO) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $26.00.

XZO has been the subject of a number of research analyst reports. Truist Financial started coverage on shares of Exzeo Group in a research note on Monday, December 1st. They issued a “buy” rating and a $25.00 price target for the company. Zacks Research upgraded shares of Exzeo Group to a “hold” rating in a report on Tuesday, December 2nd. Citizens Jmp started coverage on shares of Exzeo Group in a research note on Monday, December 1st. They set a “market outperform” rating and a $27.00 target price for the company. William Blair assumed coverage on Exzeo Group in a report on Monday, December 1st. They set an “outperform” rating on the stock. Finally, Weiss Ratings assumed coverage on Exzeo Group in a report on Monday, February 2nd. They issued a “hold (c-)” rating for the company.

Insider Buying and Selling at Exzeo Group

In other Exzeo Group news, President Kevin Andrew Mitchell acquired 12,510 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were bought at an average price of $19.58 per share, with a total value of $244,945.80. Following the completion of the acquisition, the president owned 715,135 shares in the company, valued at $14,002,343.30. This represents a 1.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Brook Armstrong Baker bought 10,020 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were acquired at an average price of $19.58 per share, with a total value of $196,191.60. Following the completion of the transaction, the general counsel directly owned 248,026 shares of the company’s stock, valued at $4,856,349.08. This trade represents a 4.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 32,550 shares of company stock worth $637,329 in the last three months.

Hedge Funds Weigh In On Exzeo Group

A number of institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC bought a new stake in Exzeo Group during the fourth quarter valued at about $14,096,000. Legato Capital Management LLC purchased a new position in shares of Exzeo Group during the 4th quarter valued at about $1,475,000. Seven Grand Managers LLC bought a new position in shares of Exzeo Group during the 4th quarter valued at approximately $3,638,000. Goldman Sachs Group Inc. bought a new position in shares of Exzeo Group during the 4th quarter valued at approximately $12,551,000. Finally, Federated Hermes Inc. purchased a new stake in Exzeo Group in the 4th quarter worth approximately $2,425,000.

Exzeo Group Trading Up 1.0%

Exzeo Group stock opened at $15.66 on Friday. Exzeo Group has a 12 month low of $12.91 and a 12 month high of $24.60. The business has a fifty day simple moving average of $19.53. The company has a market cap of $1.42 billion and a price-to-earnings ratio of 31.32.

Exzeo Group (NYSE:XZO) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.13 by $0.12. The business had revenue of $53.32 million for the quarter, compared to analysts’ expectations of $41.50 million.

About Exzeo Group

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.