Exzeo Group (NYSE:XZO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Exzeo Group (NYSE:XZO) from a hold rating to a buy rating in a report released on Saturday.

XZO has been the subject of several other reports. Truist Financial started coverage on Exzeo Group in a research report on Monday, December 1st. They issued a “buy” rating and a $25.00 price objective for the company. Zacks Research upgraded shares of Exzeo Group to a “hold” rating in a report on Tuesday, December 2nd. Citizens Jmp began coverage on shares of Exzeo Group in a research note on Monday, December 1st. They issued a “market outperform” rating and a $27.00 price target on the stock. Weiss Ratings started coverage on shares of Exzeo Group in a report on Monday, February 2nd. They issued a “hold (c-)” rating for the company. Finally, William Blair started coverage on shares of Exzeo Group in a research report on Monday, December 1st. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Exzeo Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Exzeo Group Trading Down 2.6%

XZO stock opened at $15.05 on Friday. Exzeo Group has a 1-year low of $12.91 and a 1-year high of $24.60. The company has a market capitalization of $1.37 billion and a price-to-earnings ratio of 30.10. The business’s 50-day simple moving average is $19.08.

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

Insider Activity

In other Exzeo Group news, President Kevin Andrew Mitchell purchased 12,510 shares of Exzeo Group stock in a transaction that occurred on Thursday, December 18th. The stock was acquired at an average price of $19.58 per share, for a total transaction of $244,945.80. Following the completion of the acquisition, the president owned 715,135 shares of the company’s stock, valued at approximately $14,002,343.30. This trade represents a 1.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Suela Bulku purchased 10,020 shares of the stock in a transaction on Thursday, December 18th. The shares were acquired at an average cost of $19.58 per share, for a total transaction of $196,191.60. Following the transaction, the chief financial officer owned 314,874 shares of the company’s stock, valued at approximately $6,165,232.92. The trade was a 3.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 32,550 shares of company stock valued at $637,329.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Zimmer Partners LP acquired a new position in shares of Exzeo Group during the 4th quarter worth approximately $1,819,000. Ophir Asset Management Pty Ltd bought a new stake in Exzeo Group in the 4th quarter valued at $23,907,000. Millennium Management LLC acquired a new stake in Exzeo Group during the 4th quarter valued at $3,799,000. Ionic Capital Management LLC acquired a new stake in Exzeo Group during the 4th quarter valued at $328,000. Finally, Janus Henderson Group PLC bought a new position in Exzeo Group during the fourth quarter worth $14,991,000.

About Exzeo Group

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.