Exzeo Group, Inc. (NYSE:XZO) Given Consensus Rating of “Hold” by Brokerages

Exzeo Group, Inc. (NYSE:XZO) has been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $26.00.

XZO has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Exzeo Group in a research report on Friday, July 24th. Finally, Zacks Research downgraded shares of Exzeo Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th.

Insiders Place Their Bets

In other news, CEO Paresh Patel bought 2,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $13.26 per share, for a total transaction of $26,520.00. Following the acquisition, the chief executive officer owned 1,672,013 shares in the company, valued at approximately $22,170,892.38. This trade represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders have acquired 14,000 shares of company stock valued at $198,540. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of XZO. Ophir Asset Management Pty Ltd bought a new position in shares of Exzeo Group during the fourth quarter worth about $23,907,000. Janus Henderson Group PLC lifted its stake in Exzeo Group by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock valued at $10,317,000 after acquiring an additional 85,126 shares in the last quarter. Jennison Associates LLC acquired a new position in Exzeo Group during the 4th quarter worth approximately $14,096,000. Goldman Sachs Group Inc. acquired a new position in Exzeo Group during the 4th quarter worth approximately $12,551,000. Finally, Essex Investment Management Co. LLC bought a new position in shares of Exzeo Group during the 4th quarter worth approximately $7,059,000.

Exzeo Group Trading Down 1.8%

XZO stock opened at $15.51 on Tuesday. Exzeo Group has a 1-year low of $12.36 and a 1-year high of $24.60. The firm has a market cap of $1.41 billion and a PE ratio of 21.54. The business’s 50-day moving average price is $15.17 and its two-hundred day moving average price is $16.02.

Exzeo Group (NYSE:XZO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $54.01 million during the quarter, compared to the consensus estimate of $55.90 million. On average, analysts forecast that Exzeo Group will post 1.01 earnings per share for the current year.

Exzeo Group declared that its Board of Directors has authorized a share buyback program on Tuesday, May 26th that authorizes the company to repurchase $12.00 million in shares. This repurchase authorization authorizes the company to purchase up to 1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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.