Exzeo Group (NYSE:XZO) Stock Rating Upgraded by Zacks Research

Exzeo Group (NYSE:XZO) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on XZO. Weiss Ratings downgraded Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Wall Street Zen cut Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Exzeo Group Stock Down 1.2%

Exzeo Group stock opened at $16.83 on Monday. The stock has a market capitalization of $1.53 billion and a PE ratio of 23.38. Exzeo Group has a twelve month low of $12.36 and a twelve month high of $24.60. The company has a 50 day moving average of $14.40 and a 200-day moving average of $16.81.

Exzeo Group (NYSE:XZO) last issued its quarterly earnings data 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. Equities analysts anticipate that Exzeo Group will post 1.01 EPS for the current fiscal year.

Exzeo Group declared that its board has authorized a stock repurchase program on Tuesday, May 26th that permits the company to buyback $12.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Exzeo Group news, CEO Paresh Patel purchased 2,000 shares of the stock in a transaction on Wednesday, April 29th. The shares were purchased at an average price of $16.22 per share, with a total value of $32,440.00. Following the completion of the transaction, the chief executive officer directly owned 1,636,013 shares in the company, valued at $26,536,130.86. This represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 38,000 shares of company stock worth $584,480 in the last three months. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ophir Asset Management Pty Ltd acquired a new position in shares of Exzeo Group during the 4th quarter worth approximately $23,907,000. Janus Henderson Group PLC acquired a new stake in Exzeo Group during the 4th quarter valued at $14,991,000. Jennison Associates LLC acquired a new stake in Exzeo Group during the 4th quarter valued at $14,096,000. Goldman Sachs Group Inc. bought a new position in Exzeo Group during the fourth quarter worth $12,551,000. Finally, Essex Investment Management Co. LLC bought a new position in Exzeo Group during the fourth quarter worth $7,059,000.

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.