Exzeo Group, Inc. (NYSE:XZO) Given Consensus Recommendation of “Hold” by Brokerages

Exzeo Group, Inc. (NYSE:XZO) has been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $26.00.

Several research analysts have recently weighed in on the company. Weiss Ratings downgraded Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th.

Insider Transactions at Exzeo Group

In other Exzeo Group news, CEO Paresh Patel purchased 2,000 shares of the 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 acquisition, the chief executive officer directly owned 1,672,013 shares in the company, valued at approximately $22,170,892.38. The trade was a 0.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders bought 46,000 shares of company stock worth $706,300. Corporate insiders own 4.00% of the company’s stock.

Institutional Trading of Exzeo Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Ophir Asset Management Pty Ltd purchased a new position in shares of Exzeo Group during the 4th quarter valued at about $23,907,000. Janus Henderson Group PLC bought a new position in Exzeo Group during the 4th quarter worth approximately $14,991,000. Jennison Associates LLC bought a new position in Exzeo Group during the 4th quarter worth approximately $14,096,000. Goldman Sachs Group Inc. bought a new position in Exzeo Group during the 4th quarter worth approximately $12,551,000. Finally, Essex Investment Management Co. LLC bought a new position in Exzeo Group during the 4th quarter worth approximately $7,059,000.

Exzeo Group Trading Down 0.3%

Shares of Exzeo Group stock opened at $13.18 on Monday. The stock has a fifty day simple moving average of $14.77 and a 200 day simple moving average of $17.18. Exzeo Group has a 12-month low of $12.36 and a 12-month high of $24.60. The company has a market capitalization of $1.20 billion and a P/E ratio of 18.30.

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, analysts predict that Exzeo Group will post 1.01 EPS for the current year.

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

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.