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

Shares of Exzeo Group, Inc. (NYSE:XZO) have received an average rating of “Hold” from the five analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $26.00.

Several equities research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Wall Street Zen raised shares of Exzeo Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th.

Exzeo Group Stock Performance

XZO stock opened at $13.41 on Thursday. Exzeo Group has a 1 year low of $12.91 and a 1 year high of $24.60. The firm has a fifty day simple moving average of $15.40. The firm has a market cap of $1.22 billion and a price-to-earnings ratio of 18.62.

Exzeo Group (NYSE:XZO) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $55.53 million during the quarter, compared to analyst estimates of $55.90 million. Sell-side analysts anticipate that Exzeo Group will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other Exzeo Group news, CEO Paresh Patel acquired 2,000 shares of Exzeo Group stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $13.99 per share, with a total value of $27,980.00. Following the purchase, the chief executive officer owned 1,652,013 shares in the company, valued at approximately $23,111,661.87. This trade represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 38,000 shares of company stock valued at $600,180. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Jennison Associates LLC bought a new position in Exzeo Group in the 4th quarter worth $14,096,000. Y Intercept Hong Kong Ltd bought a new position in Exzeo Group in the 1st quarter worth $678,000. Zimmer Partners LP bought a new position in Exzeo Group in the 4th quarter worth $1,819,000. Ionic Capital Management LLC bought a new position in Exzeo Group in the 4th quarter worth $328,000. Finally, Alden Global Capital LLC bought a new position in Exzeo Group in the 4th quarter worth $2,971,000.

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.