Exzeo Group (NYSE:XZO) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of Exzeo Group (NYSE:XZO) from a strong sell rating to a hold rating in a research report released on Tuesday morning,Zacks reports.

Separately, Weiss Ratings raised shares of Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Exzeo Group presently has an average rating of “Moderate Buy” and an average target price of $26.00.

Exzeo Group Stock Up 1.2%

Shares of XZO stock opened at $15.22 on Tuesday. The stock has a 50-day simple moving average of $15.98 and a 200 day simple moving average of $15.41. The stock has a market capitalization of $1.37 billion and a P/E ratio of 15.53. Exzeo Group has a fifty-two week low of $12.36 and a fifty-two week high of $24.60.

Exzeo Group (NYSE:XZO) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Exzeo Group had a net margin of 39.14% and a return on equity of 38.77%. The firm had revenue of $56.29 million for the quarter. During the same quarter last year, the firm posted $0.26 earnings per share. Exzeo Group’s revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Exzeo Group will post 0.98 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ionic Capital Management LLC acquired a new stake in shares of Exzeo Group in the 4th quarter valued at $328,000. Engineers Gate Manager LP bought a new position in Exzeo Group during the second quarter valued at about $272,000. Bank of New York Mellon Corp bought a new position in Exzeo Group during the second quarter valued at about $287,000. State of Wyoming bought a new position in shares of Exzeo Group in the 1st quarter valued at approximately $334,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Exzeo Group in the 1st quarter worth approximately $678,000.

About Exzeo Group

Exzeo Group, Inc is an insurance company focused on providing property and casualty insurance products in markets that are exposed to severe weather and other catastrophe risks. The company uses technology and data-driven underwriting processes to support the development, distribution and administration of insurance coverage.

Its business is centered on personal and commercial property insurance offerings, including coverage designed for homeowners and other property owners. Exzeo distributes its products through insurance agents and other industry partners, with an emphasis on serving customers in regions where traditional insurers may have limited capacity.

The company is headquartered in the United States and operates through its insurance and related service subsidiaries.