Exzeo Group, Inc. (NYSE:XZO) Stock Has Consensus Price Target of $26.00 According to Analysts

Shares of Exzeo Group, Inc. (NYSE:XZO) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $26.00.

Several research analysts recently weighed in on XZO shares. Weiss Ratings raised Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Zacks Research raised Exzeo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 6th.

Institutional Trading of Exzeo Group

A number of hedge funds have recently made changes to their positions in XZO. State of Alaska Department of Revenue bought a new position in Exzeo Group in the 3rd quarter worth approximately $56,000. Ionic Capital Management LLC acquired a new position in shares of Exzeo Group in the fourth quarter valued at $328,000. Engineers Gate Manager LP acquired a new stake in shares of Exzeo Group during the 2nd quarter valued at about $272,000. Bank of New York Mellon Corp bought a new stake in Exzeo Group in the second quarter valued at about $287,000. Finally, State of Wyoming acquired a new position in Exzeo Group in the first quarter worth about $334,000.

Exzeo Group Trading Down 0.2%

Shares of NYSE:XZO opened at $16.66 on Friday. The firm’s 50 day moving average is $16.01 and its two-hundred day moving average is $15.48. The firm has a market capitalization of $1.50 billion and a P/E ratio of 17.00. Exzeo Group has a 52 week low of $12.36 and a 52 week high of $24.60.

Exzeo Group (NYSE:XZO) last announced its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%. The firm had revenue of $56.29 million for the quarter. During the same period in the previous year, the firm earned $0.26 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Analysts predict that Exzeo Group will post 0.98 EPS for the current year.

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.