Exzeo Group, Inc. (NYSE:XZO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Exzeo Group, Inc. (NYSE:XZO) have received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $26.00.

Several equities analysts have weighed in on XZO shares. Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings cut Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Finally, Zacks Research upgraded Exzeo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday.

Insiders Place Their Bets

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

Institutional Trading of Exzeo Group

Several hedge funds and other institutional investors have recently modified their holdings of XZO. Bank of America Corp DE lifted its stake in shares of Exzeo Group by 17.4% during the 1st quarter. Bank of America Corp DE now owns 58,695 shares of the company’s stock valued at $861,000 after buying an additional 8,695 shares in the last quarter. Janus Henderson Group PLC grew its stake in Exzeo Group by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock valued at $10,317,000 after buying an additional 85,126 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Exzeo Group during the 1st quarter valued at $2,459,000. State of Wyoming bought a new stake in Exzeo Group during the 1st quarter valued at $334,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Exzeo Group during the first quarter worth $678,000.

Exzeo Group Stock Up 3.8%

Exzeo Group stock opened at $18.66 on Friday. Exzeo Group has a twelve month low of $12.36 and a twelve month high of $24.60. The firm has a 50 day moving average price of $14.46 and a 200-day moving average price of $16.79. The company has a market capitalization of $1.70 billion and a P/E ratio of 25.92.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $54.01 million during the quarter, compared to the consensus estimate of $55.90 million. Equities analysts expect that Exzeo Group will post 1.01 EPS for the current fiscal year.

Exzeo Group announced that its board has approved a stock buyback plan on Tuesday, May 26th that allows the company to buyback $12.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Exzeo Group Company Profile

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.