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

Exzeo Group, Inc. (NYSE:XZO) has earned an average rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.00.

Several brokerages have recently commented on XZO. Weiss Ratings restated a “sell (d+)” rating on shares of Exzeo Group in a research note on Friday, July 24th. Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Zacks Research cut Exzeo Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th.

Insiders Place Their Bets

In related news, CEO Paresh Patel bought 2,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $13.26 per share, with a total value of $26,520.00. Following the completion of the transaction, the chief executive officer directly owned 1,672,013 shares of the company’s stock, valued at $22,170,892.38. This trade represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders purchased 12,000 shares of company stock valued at $164,320. 4.00% of the stock is currently owned by insiders.

Institutional Trading of Exzeo Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ionic Capital Management LLC acquired a new position in Exzeo Group in the 4th quarter valued at $328,000. State of Wyoming acquired a new position in Exzeo Group during the 1st quarter worth $334,000. Verition Fund Management LLC acquired a new position in shares of Exzeo Group during the 4th quarter worth about $532,000. Y Intercept Hong Kong Ltd bought a new stake in Exzeo Group during the 1st quarter valued at approximately $678,000. Finally, HRT Financial LP bought a new stake in Exzeo Group during the 4th quarter valued at approximately $754,000.

Exzeo Group Stock Up 3.0%

XZO stock opened at $15.99 on Tuesday. Exzeo Group has a 12-month low of $12.36 and a 12-month high of $24.60. The company has a market cap of $1.45 billion and a price-to-earnings ratio of 22.21. The company has a 50 day moving average of $15.22 and a two-hundred day moving average of $15.94.

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

Exzeo Group declared that its Board of Directors has authorized a share buyback plan on Tuesday, May 26th that authorizes the company to repurchase $12.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.