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

Exzeo Group, Inc. (NYSE:XZO) has been given a consensus recommendation of “Hold” by the five brokerages that are 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 assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $26.00.

A number of analysts recently commented on XZO shares. Wall Street Zen cut shares of Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th.

Insider Activity at Exzeo Group

In other news, CEO Paresh Patel bought 2,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $13.55 per share, for a total transaction of $27,100.00. Following the purchase, the chief executive officer directly owned 1,654,013 shares of the company’s stock, valued at $22,411,876.15. This trade represents a 0.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have purchased 40,000 shares of company stock worth $627,280. Corporate insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ionic Capital Management LLC bought a new position in Exzeo Group in the 4th quarter valued at $328,000. Verition Fund Management LLC bought a new position in Exzeo Group in the 4th quarter valued at $532,000. State of Wyoming bought a new position in Exzeo Group in the 1st quarter valued at $334,000. HRT Financial LP bought a new position in Exzeo Group in the 4th quarter valued at $754,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Exzeo Group in the 1st quarter valued at $678,000.

Exzeo Group Stock Down 5.7%

Shares of XZO stock opened at $12.91 on Thursday. The stock has a market cap of $1.17 billion and a PE ratio of 17.93. The company’s 50 day simple moving average is $15.19. Exzeo Group has a 12 month low of $12.84 and a 12 month high of $24.60.

Exzeo Group (NYSE:XZO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $55.90 million. On average, sell-side analysts anticipate that Exzeo Group will post 1.01 EPS for the current fiscal year.

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.