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

Shares of Exzeo Group, Inc. (NYSE:XZO) have received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $26.00.

Several research firms have issued reports on XZO. Wall Street Zen downgraded Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Finally, Zacks Research lowered Exzeo Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th.

Exzeo Group Price Performance

Exzeo Group stock opened at $16.64 on Friday. Exzeo Group has a 12-month low of $12.36 and a 12-month high of $24.60. The company has a market capitalization of $1.50 billion and a price-to-earnings ratio of 16.98. The firm’s fifty day moving average price is $16.14 and its 200 day moving average price is $15.38.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $56.29 million during the quarter. Exzeo Group had a net margin of 39.14% and a return on equity of 38.77%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. Analysts forecast that Exzeo Group will post 0.98 earnings per share for the current fiscal year.

Exzeo Group declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 26th that allows the company to buyback $12.00 million in shares. This buyback authorization allows the company to repurchase up to 1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Exzeo Group

Several large investors have recently added to or reduced their stakes in XZO. California State Teachers Retirement System boosted its position in Exzeo Group by 320.8% during the 2nd quarter. California State Teachers Retirement System now owns 1,822 shares of the company’s stock worth $31,000 after acquiring an additional 1,389 shares during the period. Ionic Capital Management LLC acquired a new position in shares of Exzeo Group during the fourth quarter valued at $328,000. Bank of New York Mellon Corp bought a new stake in shares of Exzeo Group during the second quarter valued at about $287,000. Verition Fund Management LLC acquired a new stake in Exzeo Group in the fourth quarter worth about $532,000. Finally, State of Wyoming acquired a new stake in Exzeo Group in the first quarter worth about $334,000.

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.