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

Shares of Exzeo Group, Inc. (NYSE:XZO) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $26.00.

Several analysts have recently weighed in on the stock. Weiss Ratings cut shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Wall Street Zen lowered shares of Exzeo Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research upgraded Exzeo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th.

Insider Buying and Selling at Exzeo Group

In other news, CEO Paresh Patel bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average price of $17.11 per share, for a total transaction of $34,220.00. Following the transaction, the chief executive officer directly owned 1,642,013 shares of the company’s stock, valued at $28,094,842.43. This represents a 0.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders bought 34,000 shares of company stock worth $525,860. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Exzeo Group

Several institutional investors and hedge funds have recently made changes to their positions in XZO. Jennison Associates LLC purchased a new position in Exzeo Group in the 4th quarter worth $14,096,000. Legato Capital Management LLC bought a new position in Exzeo Group during the 4th quarter worth approximately $1,475,000. Seven Grand Managers LLC bought a new position in Exzeo Group during the 4th quarter worth approximately $3,638,000. Goldman Sachs Group Inc. purchased a new position in Exzeo Group in the 4th quarter worth approximately $12,551,000. Finally, Federated Hermes Inc. bought a new stake in Exzeo Group in the fourth quarter valued at approximately $2,425,000.

Exzeo Group Trading Down 1.2%

Shares of XZO opened at $18.50 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 cap of $1.68 billion and a PE ratio of 25.69. The stock has a 50-day moving average price of $14.57 and a 200-day moving average price of $16.78.

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, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $54.01 million during the quarter, compared to the consensus estimate of $55.90 million. As a group, analysts predict that Exzeo Group will post 1.01 earnings per share for the current year.

Exzeo Group declared that its board has initiated a share repurchase program on Tuesday, May 26th that permits the company to repurchase $12.00 million in shares. This repurchase authorization permits the company to repurchase up to 1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

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.