Exzeo Group, Inc. (NYSE:XZO) Given Average Recommendation of “Moderate Buy” by Brokerages

Exzeo Group, Inc. (NYSE:XZO) has received a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $26.00.

Several brokerages have commented on XZO. William Blair started coverage on Exzeo Group in a research note on Monday, December 1st. They set an “outperform” rating for the company. Truist Financial started coverage on shares of Exzeo Group in a research note on Monday, December 1st. They issued a “buy” rating and a $25.00 price objective for the company. Wall Street Zen raised shares of Exzeo Group to a “hold” rating in a research note on Monday, November 17th. Zacks Research upgraded Exzeo Group to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Citizens Jmp initiated coverage on Exzeo Group in a research report on Monday, December 1st. They set a “market outperform” rating and a $27.00 price objective on the stock.

Insider Activity

In other Exzeo Group news, CFO Suela Bulku acquired 10,020 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was acquired at an average price of $19.58 per share, for a total transaction of $196,191.60. Following the acquisition, the chief financial officer directly owned 314,874 shares in the company, valued at $6,165,232.92. This represents a 3.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Kevin Andrew Mitchell bought 12,510 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were acquired at an average price of $19.58 per share, for a total transaction 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. This trade represents a 1.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 32,550 shares of company stock valued at $637,329 over the last quarter.

Institutional Trading of Exzeo Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC bought a new stake in shares of Exzeo Group in the 4th quarter valued at about $2,063,000. HBK Investments L P acquired a new position in shares of Exzeo Group in the fourth quarter worth approximately $1,940,000. Jane Street Group LLC bought a new stake in Exzeo Group in the fourth quarter valued at approximately $1,187,000. HRT Financial LP acquired a new stake in Exzeo Group during the 4th quarter valued at approximately $754,000. Finally, Verition Fund Management LLC bought a new position in Exzeo Group during the 4th quarter worth approximately $532,000.

Exzeo Group Stock Up 0.2%

NYSE XZO opened at $16.67 on Friday. The business’s fifty day simple moving average is $19.94. The company has a market capitalization of $1.51 billion and a PE ratio of 66.68. Exzeo Group has a fifty-two week low of $12.91 and a fifty-two week high of $24.60.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.12. The business had revenue of $53.32 million for the quarter, compared to analyst estimates of $41.50 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.