Exzeo Group, Inc. (NYSE:XZO) Receives Consensus Rating of “Moderate Buy” from Brokerages

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

Several research firms recently issued reports on XZO. Zacks Research raised Exzeo Group to a “hold” rating in a research report on Tuesday, December 2nd. Wall Street Zen raised Exzeo Group from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Truist Financial started coverage on Exzeo Group in a research report on Monday, December 1st. They set a “buy” rating and a $25.00 price objective on the stock. Weiss Ratings initiated coverage on Exzeo Group in a research report on Monday, February 2nd. They issued a “hold (c-)” rating for the company. Finally, Citizens Jmp assumed 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 on the stock.

Insider Activity at Exzeo Group

In related news, CEO Paresh Patel acquired 2,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was purchased at an average cost of $14.93 per share, with a total value of $29,860.00. Following the completion of the acquisition, the chief executive officer directly owned 1,582,013 shares of the company’s stock, valued at approximately $23,619,454.09. This trade represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased 6,000 shares of company stock valued at $91,940 in the last three months.

Institutional Investors Weigh In On Exzeo Group

Large investors have recently added to or reduced their stakes in the stock. Ionic Capital Management LLC bought a new position in shares of Exzeo Group during the 4th quarter valued at approximately $328,000. Verition Fund Management LLC purchased a new position in Exzeo Group during the fourth quarter valued at approximately $532,000. HRT Financial LP purchased a new stake in shares of Exzeo Group in the fourth quarter worth $754,000. Jane Street Group LLC purchased a new stake in shares of Exzeo Group in the fourth quarter worth $1,187,000. Finally, Legato Capital Management LLC bought a new stake in shares of Exzeo Group during the 4th quarter valued at $1,475,000.

Exzeo Group Price Performance

Shares of Exzeo Group stock opened at $14.76 on Wednesday. The business has a 50-day moving average price of $17.43. The stock has a market capitalization of $1.34 billion and a PE ratio of 29.52. Exzeo Group has a 52-week low of $12.91 and a 52-week high of $24.60.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.12. The firm had revenue of $53.32 million for the quarter, compared to analysts’ expectations 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.