Exzeo Group, Inc. (NYSE:XZO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Exzeo Group, Inc. (NYSE:XZO) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $26.00.

XZO has been the subject of a number of research analyst reports. Weiss Ratings cut Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Wall Street Zen cut Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th.

Exzeo Group Price Performance

XZO opened at $13.18 on Monday. The stock’s 50 day simple moving average is $14.77 and its 200 day simple moving average is $17.18. Exzeo Group has a 1 year low of $12.36 and a 1 year high of $24.60. The firm has a market cap of $1.20 billion and a price-to-earnings ratio of 18.30.

Exzeo Group (NYSE:XZO) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $54.01 million during the quarter, compared to the consensus estimate of $55.90 million. As a group, sell-side analysts anticipate that Exzeo Group will post 1.01 EPS for the current year.

Exzeo Group declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 26th that authorizes the company to buyback $12.00 million in shares. This buyback authorization authorizes the company to reacquire up to 1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Exzeo Group

In other Exzeo Group news, CEO Paresh Patel purchased 2,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was purchased at an average price of $17.48 per share, for a total transaction of $34,960.00. Following the completion of the purchase, the chief executive officer directly owned 1,620,013 shares of the company’s stock, valued at $28,317,827.24. This trade represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 46,000 shares of company stock worth $706,300 in the last three months. 4.00% of the stock is currently owned by insiders.

Institutional Trading of Exzeo Group

Several large investors have recently modified their holdings of XZO. Jennison Associates LLC bought a new stake in shares of Exzeo Group in the fourth quarter worth $14,096,000. Legato Capital Management LLC bought a new stake in shares of Exzeo Group in the fourth quarter worth $1,475,000. Seven Grand Managers LLC bought a new stake in Exzeo Group during the fourth quarter valued at about $3,638,000. Goldman Sachs Group Inc. bought a new stake in Exzeo Group during the fourth quarter valued at about $12,551,000. Finally, Federated Hermes Inc. bought a new stake in Exzeo Group during the fourth quarter valued at about $2,425,000.

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.