Exzeo Group (NYSE:XZO) Stock Price Down 4.7% – Here’s What Happened

Shares of Exzeo Group, Inc. (NYSE:XZO) traded down 4.7% during mid-day trading on Wednesday . The company traded as low as $13.13 and last traded at $13.05. 47,703 shares were traded during mid-day trading, a decline of 75% from the average session volume of 192,804 shares. The stock had previously closed at $13.69.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on XZO shares. Wall Street Zen lowered shares of Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings downgraded Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.00.

Exzeo Group Stock Performance

The firm’s 50-day moving average price is $15.15. The company has a market cap of $1.19 billion and a P/E ratio of 18.24.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $54.01 million for the quarter, compared to the consensus estimate of $55.90 million. On average, analysts anticipate that Exzeo Group, Inc. will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Paresh Patel acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of $13.33 per share, for a total transaction of $26,660.00. Following the completion of the acquisition, the chief executive officer owned 1,664,013 shares in the company, valued at $22,181,293.29. This trade represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 42,000 shares of company stock valued at $653,940 over the last 90 days. 4.00% of the stock is owned by corporate insiders.

Institutional Trading of Exzeo Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jennison Associates LLC purchased a new position in Exzeo Group during the 4th quarter valued at about $14,096,000. Legato Capital Management LLC bought a new position in shares of Exzeo Group during the fourth quarter valued at approximately $1,475,000. Seven Grand Managers LLC purchased a new position in shares of Exzeo Group during the fourth quarter valued at approximately $3,638,000. Goldman Sachs Group Inc. purchased a new position in shares of Exzeo Group during the fourth quarter valued at approximately $12,551,000. Finally, Federated Hermes Inc. bought a new stake in shares of Exzeo Group in the 4th quarter worth approximately $2,425,000.

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.