Exzeo Group (NYSE:XZO) Shares Down 4.6% – Here’s What Happened

Exzeo Group, Inc. (NYSE:XZO) traded down 4.6% during trading on Friday . The company traded as low as $23.13 and last traded at $23.13. 30,699 shares were traded during trading, a decline of 85% from the average session volume of 199,819 shares. The stock had previously closed at $24.25.

Analyst Upgrades and Downgrades

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

Exzeo Group Trading Down 7.0%

Exzeo Group (NYSE:XZO) last issued its earnings results on Wednesday, December 10th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The firm had revenue of $55.17 million during the quarter, compared to analyst estimates of $54.40 million.

Insider Buying and Selling at Exzeo Group

In other Exzeo Group news, CFO Suela Bulku bought 10,020 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were bought at an average cost of $19.58 per share, with a total value of $196,191.60. Following the completion of the acquisition, the chief financial officer owned 314,874 shares of the company’s stock, valued at approximately $6,165,232.92. This trade represents a 3.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Brook Armstrong Baker purchased 10,020 shares of Exzeo Group stock in a transaction dated Thursday, December 18th. The stock was acquired at an average price of $19.58 per share, for a total transaction of $196,191.60. Following the completion of the transaction, the general counsel owned 248,026 shares in the company, valued at approximately $4,856,349.08. The trade was a 4.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 32,550 shares of company stock worth $637,329 over the last 90 days.

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.