Exzeo Group (NYSE:XZO) Stock Price Up 3.5% – Here’s Why

Exzeo Group, Inc. (NYSE:XZO) traded up 3.5% during mid-day trading on Monday . The stock traded as high as $23.66 and last traded at $23.36. 72,257 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 262,282 shares. The stock had previously closed at $22.56.

Wall Street Analyst Weigh In

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

Exzeo Group Price Performance

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

Insider Buying and Selling at Exzeo Group

In other Exzeo Group news, General Counsel Brook Armstrong Baker acquired 10,020 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were purchased at an average cost 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 approximately $4,856,349.08. This represents a 4.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Suela Bulku acquired 10,020 shares of Exzeo Group stock in a transaction dated Thursday, December 18th. The shares were acquired at an average price of $19.58 per share, with a total value of $196,191.60. Following the completion of the acquisition, the chief financial officer directly owned 314,874 shares of the company’s stock, valued at approximately $6,165,232.92. The trade was a 3.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 32,550 shares of company stock valued at $637,329.

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.