Exzeo Group (NYSE:XZO) Sets New 12-Month High – What’s Next?

Exzeo Group, Inc. (NYSE:XZO)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $24.25 and last traded at $24.18, with a volume of 30303 shares changing hands. The stock had previously closed at $23.32.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XZO. Zacks Research raised Exzeo Group to a “hold” rating in a research report on Tuesday, December 2nd. Citizens Jmp assumed coverage on shares of Exzeo Group in a report on Monday, December 1st. They set a “market outperform” rating and a $27.00 price target on the stock. William Blair initiated coverage on shares of Exzeo Group in a research note on Monday, December 1st. They issued an “outperform” rating for the company. Wall Street Zen raised shares of Exzeo Group to a “hold” rating in a report on Monday, November 17th. Finally, Truist Financial initiated coverage on Exzeo Group in a research note on Monday, December 1st. They set a “buy” rating and a $25.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Exzeo Group Trading Up 2.1%

Exzeo Group (NYSE:XZO) last announced its earnings results on Wednesday, December 10th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The company had revenue of $55.17 million for the quarter, compared to analysts’ expectations of $54.40 million.

Insider Transactions at Exzeo Group

In related news, CFO Suela Bulku purchased 10,020 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were bought at an average price of $19.58 per share, with a total value of $196,191.60. Following the completion of the purchase, the chief financial officer directly owned 314,874 shares in the company, valued at approximately $6,165,232.92. This trade represents a 3.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Kevin Andrew Mitchell acquired 12,510 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were acquired at an average price of $19.58 per share, for a total transaction of $244,945.80. Following the completion of the acquisition, the president directly owned 715,135 shares in the company, valued at $14,002,343.30. The trade was a 1.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 32,550 shares of company stock valued at $637,329 in the last quarter.

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.