Exzeo Group, Inc. (NYSE:XZO) Stock Has Average Price Target of $26.00 According to Analysts

Exzeo Group, Inc. (NYSE:XZO) has earned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $26.00.

A number of research analysts recently commented on the company. Zacks Research raised Exzeo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 6th. Weiss Ratings raised shares of Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st.

Hedge Funds Weigh In On Exzeo Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of Exzeo Group in the 3rd quarter valued at approximately $56,000. Engineers Gate Manager LP acquired a new stake in shares of Exzeo Group during the 2nd quarter worth approximately $272,000. Bank of New York Mellon Corp acquired a new stake in shares of Exzeo Group during the 2nd quarter worth approximately $287,000. Ionic Capital Management LLC bought a new position in Exzeo Group in the fourth quarter valued at approximately $328,000. Finally, State of Wyoming bought a new position in Exzeo Group in the first quarter valued at approximately $334,000.

Exzeo Group Stock Performance

NYSE:XZO opened at $16.68 on Friday. The stock has a fifty day moving average price of $15.99 and a 200-day moving average price of $15.47. The company has a market cap of $1.50 billion and a price-to-earnings ratio of 17.02. Exzeo Group has a fifty-two week low of $12.36 and a fifty-two week high of $24.60.

Exzeo Group (NYSE:XZO) last released its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping 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 period last year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts predict that Exzeo Group will post 0.98 EPS for the current fiscal year.

Exzeo Group Company Profile

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.