Exzeo Group (NYSE:XZO) Shares Gap Up After Insider Buying Activity

Exzeo Group, Inc. (NYSE:XZO) shares gapped up before the market opened on Tuesday following insider buying activity. The stock had previously closed at $22.03, but opened at $23.00. Exzeo Group shares last traded at $22.40, with a volume of 28,201 shares trading hands.

Specifically, General Counsel Brook Armstrong Baker purchased 10,020 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was bought at an average cost of $19.58 per share, with a total value of $196,191.60. Following the purchase, the general counsel directly owned 248,026 shares of the company’s stock, valued at approximately $4,856,349.08. This trade represents a 4.21% 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. Also, CFO Suela Bulku purchased 10,020 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was purchased at an average cost of $19.58 per share, with a total value of $196,191.60. Following the purchase, the chief financial officer owned 314,874 shares in the company, valued at $6,165,232.92. This represents a 3.29% increase in their position. The SEC filing for this purchase provides additional information. In other Exzeo Group news, President Kevin Andrew Mitchell acquired 12,510 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average price of $19.58 per share, with a total value of $244,945.80. Following the completion of the transaction, the president owned 715,135 shares in the company, valued at $14,002,343.30. The trade was a 1.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

XZO has been the subject of several recent research reports. Citizens Jmp began coverage on shares of Exzeo Group in a research report on Monday, December 1st. They issued a “market outperform” rating and a $27.00 target price for the company. Wall Street Zen raised shares of Exzeo Group to a “hold” rating in a research note on Monday, November 17th. William Blair started coverage on shares of Exzeo Group in a research report on Monday, December 1st. They set an “outperform” rating on the stock. Zacks Research raised Exzeo Group to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Truist Financial initiated coverage on Exzeo Group in a research note on Monday, December 1st. They set a “buy” rating and a $25.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Exzeo Group Price Performance

Exzeo Group (NYSE:XZO) last posted its quarterly earnings data on Wednesday, December 10th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The business had revenue of $55.17 million during the quarter, compared to the consensus estimate of $54.40 million.

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.