Exzeo Group, Inc. (NYSE:XZO) Receives Average Rating of “Hold” from Brokerages

Shares of Exzeo Group, Inc. (NYSE:XZO) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $26.00.

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

Exzeo Group Trading Up 0.1%

Shares of XZO opened at $13.12 on Monday. The business’s 50 day moving average is $14.68 and its 200 day moving average is $17.11. The company has a market capitalization of $1.19 billion and a PE ratio of 18.22. Exzeo Group has a 12-month low of $12.36 and a 12-month high of $24.60.

Exzeo Group (NYSE:XZO) last issued its earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $54.01 million for the quarter, compared to the consensus estimate of $55.90 million. Equities research analysts predict that Exzeo Group will post 1.01 earnings per share for the current year.

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

Insider Transactions at Exzeo Group

In other news, CEO Paresh Patel acquired 2,000 shares of Exzeo Group stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of $13.26 per share, with a total value of $26,520.00. Following the purchase, the chief executive officer directly owned 1,672,013 shares in the company, valued at $22,170,892.38. The trade was a 0.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders purchased 46,000 shares of company stock valued at $706,300. Insiders own 4.00% of the company’s stock.

Institutional Trading of Exzeo Group

A number of large investors have recently added to or reduced their stakes in XZO. Ionic Capital Management LLC bought a new stake in Exzeo Group in the 4th quarter worth approximately $328,000. State of Wyoming bought a new stake in Exzeo Group in the 1st quarter worth approximately $334,000. Verition Fund Management LLC bought a new stake in Exzeo Group in the 4th quarter worth approximately $532,000. Y Intercept Hong Kong Ltd bought a new stake in Exzeo Group in the 1st quarter worth approximately $678,000. Finally, HRT Financial LP bought a new stake in Exzeo Group in the 4th quarter worth approximately $754,000.

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.