Exzeo Group, Inc. (NYSE:XZO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Exzeo Group, Inc. (NYSE:XZO) has been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $26.00.

Several analysts recently commented on XZO shares. Citizens Jmp started coverage on Exzeo Group in a research report on Monday, December 1st. They issued a “market outperform” rating and a $27.00 price target on the stock. William Blair initiated coverage on shares of Exzeo Group in a research report on Monday, December 1st. They issued an “outperform” rating on the stock. Truist Financial assumed coverage on Exzeo Group in a research note on Monday, December 1st. They set a “buy” rating and a $25.00 target price for the company. Weiss Ratings started coverage on shares of Exzeo Group in a research note on Monday. They set a “hold (c-)” rating on the stock. Finally, Zacks Research raised shares of Exzeo Group to a “hold” rating in a report on Tuesday, December 2nd.

Exzeo Group Trading Down 12.7%

Exzeo Group stock traded down $2.68 during mid-day trading on Tuesday, reaching $18.35. 276,677 shares of the company’s stock were exchanged, compared to its average volume of 126,649. Exzeo Group has a twelve month low of $12.91 and a twelve month high of $24.60. The firm has a market capitalization of $1.67 billion and a P/E ratio of 73.40. The stock’s fifty day simple moving average is $20.78.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $54.40 million.

Insiders Place Their Bets

In related news, CFO Suela Bulku acquired 10,020 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was bought at an average price of $19.58 per share, with a total value of $196,191.60. Following the purchase, the chief financial officer directly owned 314,874 shares in the company, valued at $6,165,232.92. The trade was a 3.29% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Brook Armstrong Baker purchased 10,020 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were bought at an average cost of $19.58 per share, with a total value of $196,191.60. Following the transaction, the general counsel directly owned 248,026 shares of the company’s stock, valued at $4,856,349.08. The trade was a 4.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 32,550 shares of company stock valued at $637,329.

Institutional Investors Weigh In On Exzeo Group

An institutional investor recently bought a new position in Exzeo Group stock. Jennison Associates LLC bought a new position in Exzeo Group, Inc. (NYSE:XZO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 581,262 shares of the company’s stock, valued at approximately $14,096,000. Jennison Associates LLC owned approximately 0.64% of Exzeo Group at the end of the most recent quarter.

About Exzeo Group

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.