Exzeo Group (NYSE:XZO) Trading 1.7% Higher – Here’s What Happened

Exzeo Group, Inc. (NYSE:XZO) shares traded up 1.7% during mid-day trading on Thursday . The company traded as high as $21.15 and last traded at $20.93. 49,255 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 115,780 shares. The stock had previously closed at $20.59.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on XZO shares. William Blair initiated coverage on Exzeo Group in a report on Monday, December 1st. They set an “outperform” rating on the stock. Truist Financial started coverage on shares of Exzeo Group in a report on Monday, December 1st. They issued a “buy” rating and a $25.00 price objective for the company. 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 on the stock. Zacks Research upgraded shares of Exzeo Group to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Wall Street Zen raised Exzeo Group to a “hold” rating in a research note on Monday, November 17th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Exzeo Group Price Performance

The company has a 50 day simple moving average of $20.59. The stock has a market capitalization of $1.90 billion and a P/E ratio of 83.72.

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

Insider Buying and Selling

In other Exzeo Group news, CFO Suela Bulku purchased 10,020 shares of the stock in a transaction on Thursday, December 18th. The stock was acquired at an average price of $19.58 per share, with a total value of $196,191.60. Following the transaction, the chief financial officer directly owned 314,874 shares of the company’s stock, valued at approximately $6,165,232.92. This trade represents a 3.29% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Brook Armstrong Baker acquired 10,020 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was acquired at an average price of $19.58 per share, with a total value of $196,191.60. Following the acquisition, the general counsel owned 248,026 shares in the company, valued at approximately $4,856,349.08. This trade represents a 4.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 32,550 shares of company stock valued at $637,329 over the last ninety days.

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.