Analysts Set Exzeo Group, Inc. (NYSE:XZO) PT at $26.00

Shares of Exzeo Group, Inc. (NYSE:XZO) have been given an average rating of “Hold” by the five research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $26.00.

Several research analysts recently issued reports on XZO shares. Weiss Ratings lowered shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Wall Street Zen lowered shares of Exzeo Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th.

Insider Transactions at Exzeo Group

In related news, CEO Paresh Patel bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was bought at an average cost of $17.48 per share, for a total transaction of $34,960.00. Following the completion of the transaction, the chief executive officer owned 1,620,013 shares of the company’s stock, valued at approximately $28,317,827.24. The trade was a 0.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 46,000 shares of company stock valued at $706,300 in the last ninety days. 4.00% of the stock is currently owned by insiders.

Institutional Trading of Exzeo Group

Institutional investors have recently added to or reduced their stakes in the business. Ionic Capital Management LLC purchased a new stake in Exzeo Group during the fourth quarter valued at about $328,000. Verition Fund Management LLC purchased a new stake in Exzeo Group during the fourth quarter valued at about $532,000. State of Wyoming purchased a new stake in Exzeo Group during the first quarter valued at about $334,000. HRT Financial LP purchased a new stake in Exzeo Group during the fourth quarter valued at about $754,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Exzeo Group during the first quarter valued at about $678,000.

Exzeo Group Stock Performance

Shares of NYSE:XZO opened at $13.12 on Monday. Exzeo Group has a 52-week low of $12.36 and a 52-week high of $24.60. The firm has a fifty day moving average of $14.68 and a 200 day moving average of $17.11. The firm has a market capitalization of $1.19 billion and a PE ratio of 18.22.

Exzeo Group (NYSE:XZO) last announced its earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $54.01 million during the quarter, compared to analysts’ expectations of $55.90 million. On average, sell-side analysts forecast that Exzeo Group will post 1.01 EPS for the current fiscal year.

Exzeo Group declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 26th that authorizes the company to repurchase $12.00 million in shares. This repurchase authorization authorizes the company to purchase up to 1% of its stock through open market purchases. Stock repurchase programs are typically 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.