Exzeo Group, Inc. (NYSE:XZO) Receives Consensus Rating of “Hold” from Analysts

Shares of Exzeo Group, Inc. (NYSE:XZO) have been given an average recommendation of “Hold” by the five research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $26.00.

Several research firms have recently commented on XZO. Weiss Ratings raised 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.

Exzeo Group Trading Up 1.7%

Exzeo Group stock opened at $16.62 on Wednesday. Exzeo Group has a 12 month low of $12.36 and a 12 month high of $24.60. The stock has a fifty day simple moving average of $16.24 and a two-hundred day simple moving average of $15.43. The firm has a market cap of $1.50 billion and a price-to-earnings ratio of 16.96.

Exzeo Group (NYSE:XZO) last released its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%.The company had revenue of $56.29 million for the quarter. During the same quarter last year, the firm posted $0.26 earnings per share. Exzeo Group’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that Exzeo Group will post 0.98 EPS for the current fiscal year.

Exzeo Group announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 26th that permits the company to repurchase $12.00 million in shares. This repurchase authorization permits the company to buy up to 1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whetstone Capital Advisors LLC increased its position in Exzeo Group by 31.6% during the 2nd quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company’s stock valued at $9,136,000 after buying an additional 130,191 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Exzeo Group during the second quarter worth about $272,000. Bank of New York Mellon Corp purchased a new stake in shares of Exzeo Group during the second quarter worth about $287,000. Bank of America Corp DE increased its holdings in shares of 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 acquiring an additional 8,695 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Exzeo Group by 13.8% in the 1st 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 during the last quarter.

Exzeo Group Company Profile