Exzeo Group, Inc. (NYSE:XZO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Exzeo Group, Inc. (NYSE:XZO) have received an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $26.00.

XZO has been the topic of several research analyst reports. Wall Street Zen cut Exzeo Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated 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 report on Tuesday, July 28th.

Insider Activity

In related news, CEO Paresh Patel purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $13.26 per share, for a total transaction of $26,520.00. Following the purchase, the chief executive officer directly owned 1,672,013 shares in the company, valued at approximately $22,170,892.38. This trade represents a 0.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Exzeo Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its position in Exzeo Group by 17.4% in the first quarter. Bank of America Corp DE now owns 58,695 shares of the company’s stock worth $861,000 after buying an additional 8,695 shares during the last quarter. Ionic Capital Management LLC bought a new position in shares of Exzeo Group during the 4th quarter worth $328,000. Bank of New York Mellon Corp bought a new position in Exzeo Group during the second quarter worth about $287,000. Verition Fund Management LLC purchased a new position in shares of Exzeo Group in the fourth quarter worth about $532,000. Finally, State of Wyoming purchased a new position in shares of Exzeo Group in the first quarter worth about $334,000.

Exzeo Group Stock Up 4.6%

Exzeo Group stock opened at $16.92 on Friday. Exzeo Group has a 52 week low of $12.36 and a 52 week high of $24.60. The company’s 50 day moving average price is $15.91 and its two-hundred day moving average price is $15.44. The stock has a market cap of $1.52 billion and a P/E ratio of 17.27.

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

Exzeo Group declared that its board has authorized a share buyback plan on Tuesday, May 26th that authorizes the company to buyback $12.00 million in shares. This buyback authorization authorizes the company to repurchase up to 1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership 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.