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

Shares of Exzeo Group, Inc. (NYSE:XZO) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.00.

A number of analysts have recently issued reports on XZO shares. Citizens Jmp began coverage on shares of Exzeo Group in a research note on Monday, December 1st. They set a “market outperform” rating and a $27.00 target price for the company. Zacks Research raised Exzeo Group to a “hold” rating in a research report on Tuesday, December 2nd. Wall Street Zen upgraded Exzeo Group to a “hold” rating in a research note on Monday, November 17th. Truist Financial assumed coverage on Exzeo Group in a research note on Monday, December 1st. They issued a “buy” rating and a $25.00 price target for the company. Finally, Weiss Ratings began coverage on Exzeo Group in a research report on Monday, February 2nd. They set a “hold (c-)” rating on the stock.

Insiders Place Their Bets

In other Exzeo Group news, CFO Suela Bulku bought 10,020 shares of the stock in a transaction dated 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 $6,165,232.92. This trade represents a 3.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Brook Armstrong Baker purchased 10,020 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was 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 general counsel owned 248,026 shares of the company’s stock, valued at $4,856,349.08. This trade represents a 4.21% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 32,550 shares of company stock worth $637,329 in the last quarter.

Hedge Funds Weigh In On Exzeo Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC bought a new stake in shares of Exzeo Group during the 4th quarter valued at $14,096,000. Legato Capital Management LLC acquired a new position in Exzeo Group in the fourth quarter valued at about $1,475,000. Seven Grand Managers LLC bought a new stake in Exzeo Group during the fourth quarter worth about $3,638,000. Goldman Sachs Group Inc. acquired a new stake in Exzeo Group during the fourth quarter worth about $12,551,000. Finally, Federated Hermes Inc. bought a new position in Exzeo Group in the 4th quarter valued at about $2,425,000.

Exzeo Group Price Performance

Shares of NYSE XZO opened at $16.67 on Friday. The company has a market cap of $1.51 billion and a P/E ratio of 66.68. Exzeo Group has a 12 month low of $12.91 and a 12 month high of $24.60. The business’s 50 day simple moving average is $19.94.

Exzeo Group (NYSE:XZO) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.12. The business had revenue of $53.32 million for the quarter, compared to analyst estimates of $41.50 million.

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.