Exzeo Group (NYSE:XZO) Shares Gap Up – Still a Buy?

Shares of Exzeo Group, Inc. (NYSE:XZO) gapped up before the market opened on Friday. The stock had previously closed at $15.83, but opened at $16.69. Exzeo Group shares last traded at $16.85, with a volume of 2,533 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research raised shares of Exzeo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 6th. Weiss Ratings raised shares of Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Exzeo Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Exzeo Group Price Performance

The company has a market cap of $1.49 billion and a PE ratio of 16.79. The business has a 50-day moving average of $15.99 and a 200 day moving average of $15.47.

Exzeo Group (NYSE:XZO) last posted its earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm posted $0.26 earnings per share. Exzeo Group’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts predict that Exzeo Group, Inc. will post 0.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Exzeo Group

Several hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC lifted its stake in 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 buying an additional 85,126 shares in the last quarter. Whetstone Capital Advisors LLC increased its stake in Exzeo Group by 31.6% during the second quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company’s stock worth $9,136,000 after acquiring an additional 130,191 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Exzeo Group during the first quarter worth about $2,459,000. Alden Global Capital LLC acquired a new position in Exzeo Group during the fourth quarter worth $2,971,000. Finally, Bank of America Corp DE grew its position in Exzeo Group by 17.4% in the 1st 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.

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.