Exzeo Group (NYSE:XZO) Downgraded by Zacks Research to “Strong Sell”

Exzeo Group (NYSE:XZO) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

XZO has been the topic of several other reports. Wall Street Zen lowered shares of Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Exzeo Group presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Exzeo Group Stock Down 0.5%

NYSE:XZO opened at $16.57 on Wednesday. Exzeo Group has a twelve month low of $12.36 and a twelve month high of $24.60. The stock’s 50-day simple moving average is $16.21 and its 200 day simple moving average is $15.37. The firm has a market capitalization of $1.49 billion and a PE ratio of 16.91.

Exzeo Group (NYSE:XZO) last issued its earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $56.29 million during the quarter. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%.The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. On average, analysts anticipate that Exzeo Group will post 0.98 EPS for the current fiscal year.

Exzeo Group declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 26th that permits the company to repurchase $12.00 million in shares. This repurchase authorization permits the company to reacquire up to 1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Exzeo Group

A number of hedge funds have recently made changes to their positions in XZO. Ophir Asset Management Pty Ltd acquired a new position in shares of Exzeo Group in the fourth quarter valued at approximately $23,907,000. Janus Henderson Group PLC bought a new position in Exzeo Group in the 4th quarter valued at approximately $14,991,000. Jennison Associates LLC acquired a new stake in Exzeo Group during the 4th quarter worth approximately $14,096,000. Goldman Sachs Group Inc. bought a new stake in Exzeo Group during the 4th quarter worth approximately $12,551,000. Finally, Essex Investment Management Co. LLC bought a new stake 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.