Exzeo Group, Inc. (NYSE:XZO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Exzeo Group, Inc. (NYSE:XZO) has earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $26.00.

XZO has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Finally, Zacks Research raised shares of Exzeo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday.

Exzeo Group Stock Up 3.8%

XZO stock opened at $18.66 on Friday. Exzeo Group has a twelve month low of $12.36 and a twelve month high of $24.60. The stock’s 50 day moving average is $14.46 and its 200-day moving average is $16.79. The firm has a market capitalization of $1.70 billion and a PE ratio of 25.92.

Exzeo Group (NYSE:XZO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $54.01 million for the quarter, compared to the consensus estimate of $55.90 million. On average, equities research analysts anticipate that Exzeo Group will post 1.01 earnings per share for the current fiscal year.

Exzeo Group announced that its Board of Directors has initiated a share buyback program on Tuesday, May 26th that permits the company to repurchase $12.00 million in shares. This repurchase authorization permits the company to purchase up to 1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO Paresh Patel bought 2,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $13.26 per share, with a total value of $26,520.00. Following the transaction, the chief executive officer directly owned 1,672,013 shares in the company, valued at $22,170,892.38. This represents a 0.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have bought 38,000 shares of company stock valued at $584,480. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Exzeo Group

Institutional investors have recently modified their holdings of the business. Jennison Associates LLC bought a new position in Exzeo Group in the 4th quarter valued at $14,096,000. Legato Capital Management LLC purchased a new stake in shares of Exzeo Group during the 4th quarter valued at $1,475,000. Seven Grand Managers LLC bought a new stake in shares of Exzeo Group during the 4th quarter worth $3,638,000. Whetstone Capital Advisors LLC purchased a new position in shares of Exzeo Group in the 4th quarter worth about $4,480,000. Finally, Alden Global Capital LLC purchased a new position in shares of Exzeo Group in the 4th quarter worth about $2,971,000.

About Exzeo Group

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.