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

Shares of Exzeo Group, Inc. (NYSE:XZO) have earned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.00.

A number of equities analysts have commented on XZO shares. Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Finally, Zacks Research raised Exzeo Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th.

Insiders Place Their Bets

In other news, CEO Paresh Patel acquired 2,000 shares of Exzeo Group stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $13.26 per share, for a total transaction of $26,520.00. Following the completion of the purchase, the chief executive officer directly owned 1,672,013 shares of the company’s stock, valued at approximately $22,170,892.38. This represents a 0.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought a total of 32,000 shares of company stock worth $495,100 over the last three months. Corporate insiders own 4.00% of the company’s stock.

Institutional Trading of Exzeo Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Ophir Asset Management Pty Ltd acquired a new stake in shares of Exzeo Group during the 4th quarter worth approximately $23,907,000. Janus Henderson Group PLC raised its position in Exzeo Group by 13.8% during the first 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 valued at approximately $14,096,000. Goldman Sachs Group Inc. bought a new stake in Exzeo Group during the fourth quarter worth $12,551,000. Finally, Essex Investment Management Co. LLC bought a new stake in Exzeo Group during the fourth quarter worth $7,059,000.

Exzeo Group Trading Down 3.3%

Shares of XZO opened at $16.93 on Friday. Exzeo Group has a 12 month low of $12.36 and a 12 month high of $24.60. The firm’s 50 day moving average is $14.60 and its 200-day moving average is $16.74. The stock has a market capitalization of $1.54 billion and a PE ratio of 23.51.

Exzeo Group (NYSE:XZO) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $54.01 million during the quarter, compared to analyst estimates of $55.90 million. Equities research analysts predict that Exzeo Group will post 1.01 earnings per share for the current fiscal year.

Exzeo Group declared that its board has approved a share buyback plan on Tuesday, May 26th that authorizes the company to repurchase $12.00 million in shares. This repurchase authorization authorizes the company to buy up to 1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.