Exzeo Group (NYSE:XZO) Sets New 1-Year High Following Insider Buying Activity

Exzeo Group, Inc. (NYSE:XZO)’s share price hit a new 52-week high during trading on Monday following insider buying activity. The stock traded as high as $22.80 and last traded at $22.57, with a volume of 48444 shares traded. The stock had previously closed at $20.72.

Specifically, General Counsel Brook Armstrong Baker bought 10,020 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was purchased at an average price of $19.58 per share, with a total value of $196,191.60. Following the transaction, the general counsel directly owned 248,026 shares in the company, valued at approximately $4,856,349.08. The trade was a 4.21% 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. Also, CFO Suela Bulku purchased 10,020 shares of the stock in a transaction dated Thursday, December 18th. The stock was acquired at an average cost of $19.58 per share, for a total transaction of $196,191.60. Following the completion of the transaction, the chief financial officer owned 314,874 shares of the company’s stock, valued at $6,165,232.92. The trade was a 3.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In other Exzeo Group news, President Kevin Andrew Mitchell acquired 12,510 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was acquired at an average price of $19.58 per share, with a total value of $244,945.80. Following the transaction, the president owned 715,135 shares of the company’s stock, valued at approximately $14,002,343.30. This trade represents a 1.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analysts Set New Price Targets

Several research analysts have commented on the company. Truist Financial initiated coverage on Exzeo Group in a research report on Monday, December 1st. They issued a “buy” rating and a $25.00 price target on the stock. 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 for the company. Wall Street Zen raised shares of Exzeo Group to a “hold” rating in a report on Monday, November 17th. William Blair started coverage on shares of Exzeo Group in a report on Monday, December 1st. They set an “outperform” rating on the stock. Finally, Zacks Research raised shares of Exzeo Group to a “hold” rating in a research report on Tuesday, December 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Exzeo Group presently has an average rating of “Moderate Buy” and an average price target of $26.00.

Exzeo Group Stock Up 0.1%

Exzeo Group (NYSE:XZO) last issued its quarterly earnings data on Wednesday, December 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating 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.

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.