Exzeo Group (NYSE:XZO) Trading Up 1.7% – Time to Buy?

Shares of Exzeo Group, Inc. (NYSE:XZO) traded up 1.7% on Thursday . The stock traded as high as $21.15 and last traded at $20.93. 49,255 shares were traded during trading, a decline of 57% from the average session volume of 115,780 shares. The stock had previously closed at $20.59.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. William Blair assumed coverage on shares of Exzeo Group in a report on Monday, December 1st. They set an “outperform” rating on the stock. Wall Street Zen raised shares of Exzeo Group to a “hold” rating in a report on Monday, November 17th. Citizens Jmp assumed coverage on shares of Exzeo Group in a research note on Monday, December 1st. They issued a “market outperform” rating and a $27.00 price objective for the company. Zacks Research upgraded Exzeo Group to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Truist Financial started coverage on Exzeo Group in a research report on Monday, December 1st. They issued a “buy” rating and a $25.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Exzeo Group Price Performance

The stock has a market cap of $1.90 billion and a PE ratio of 83.72. The company’s 50-day simple moving average is $20.59.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings data on Wednesday, December 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. The business had revenue of $55.17 million for the quarter, compared to the consensus estimate of $54.40 million.

Insider Transactions at Exzeo Group

In related news, President Kevin Andrew Mitchell acquired 12,510 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were bought at an average cost of $19.58 per share, for a total transaction of $244,945.80. Following the completion of the transaction, the president owned 715,135 shares in the company, valued at approximately $14,002,343.30. This trade represents a 1.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Brook Armstrong Baker bought 10,020 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average cost of $19.58 per share, for a total transaction of $196,191.60. Following the completion of the purchase, the general counsel directly owned 248,026 shares of the company’s stock, valued at $4,856,349.08. This represents a 4.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 32,550 shares of company stock valued at $637,329.

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.