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

Shares of Exzeo Group, Inc. (NYSE:XZO) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $26.00.

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Exzeo Group from a “hold” rating to a “buy” rating in a research report on Saturday. William Blair initiated coverage on Exzeo Group in a report on Monday, December 1st. They issued an “outperform” rating on the stock. Truist Financial initiated coverage on Exzeo Group in a research note on Monday, December 1st. They issued a “buy” rating and a $25.00 price target on the stock. Zacks Research raised Exzeo Group to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings initiated coverage on Exzeo Group in a report on Monday, February 2nd. They issued a “hold (c-)” rating on the stock.

Exzeo Group Trading Down 2.8%

Shares of XZO stock traded down $0.45 during trading hours on Friday, hitting $15.55. 129,361 shares of the company’s stock were exchanged, compared to its average volume of 202,146. Exzeo Group has a fifty-two week low of $12.91 and a fifty-two week high of $24.60. The business’s 50 day moving average price is $19.24. The company has a market capitalization of $1.41 billion and a price-to-earnings ratio of 31.10.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.13 by $0.12. The firm had revenue of $53.32 million for the quarter, compared to analyst estimates of $41.50 million.

Insider Activity at Exzeo Group

In related news, General Counsel Brook Armstrong Baker acquired 10,020 shares of Exzeo Group stock in a transaction dated Thursday, December 18th. The stock was acquired at an average price of $19.58 per share, for a total transaction of $196,191.60. Following the transaction, the general counsel owned 248,026 shares of the company’s stock, valued at $4,856,349.08. This represents a 4.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Suela Bulku bought 10,020 shares of the stock in a transaction dated Thursday, December 18th. The stock was bought at an average price of $19.58 per share, with a total value of $196,191.60. Following the acquisition, the chief financial officer owned 314,874 shares in the company, valued at approximately $6,165,232.92. This represents a 3.29% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 32,550 shares of company stock valued at $637,329 over the last three months.

Institutional Investors Weigh In On Exzeo Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ophir Asset Management Pty Ltd purchased a new stake in Exzeo Group in the fourth quarter valued at $23,907,000. Janus Henderson Group PLC acquired a new stake in shares of Exzeo Group during the fourth quarter worth about $14,991,000. Jennison Associates LLC purchased a new stake in shares of Exzeo Group in the 4th quarter valued at about $14,096,000. Goldman Sachs Group Inc. acquired a new stake in shares of Exzeo Group in the 4th quarter valued at about $12,551,000. Finally, Essex Investment Management Co. LLC purchased a new position in Exzeo Group during the 4th quarter worth approximately $7,059,000.

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.