Exzeo Group (NYSE:XZO) Trading 8.2% Higher – Should You Buy?

Shares of Exzeo Group, Inc. (NYSE:XZO) shot up 8.2% during mid-day trading on Friday . The stock traded as high as $15.92 and last traded at $15.92. Approximately 81,378 shares traded hands during trading, a decline of 60% from the average daily volume of 200,969 shares. The stock had previously closed at $14.71.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Exzeo Group currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Exzeo Group Stock Up 6.9%

The company has a market cap of $1.43 billion and a P/E ratio of 21.90. The business has a 50-day moving average price of $14.42 and a two-hundred day moving average price of $16.83.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings results 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 firm had revenue of $54.01 million during the quarter, compared to the consensus estimate of $55.90 million. As a group, sell-side analysts expect that Exzeo Group, Inc. will post 1.01 EPS for the current fiscal year.

Exzeo Group declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 26th that allows the company to repurchase $12.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Exzeo Group

In other Exzeo Group news, CEO Paresh Patel acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average cost of $13.26 per share, for a total transaction of $26,520.00. Following the completion of the acquisition, the chief executive officer directly owned 1,672,013 shares of the company’s stock, valued at approximately $22,170,892.38. This represents a 0.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 40,000 shares of company stock worth $614,360 over the last ninety days. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ophir Asset Management Pty Ltd bought a new position in Exzeo Group during the fourth quarter worth about $23,907,000. Janus Henderson Group PLC increased its holdings in Exzeo Group by 13.8% during the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock worth $10,317,000 after purchasing an additional 85,126 shares in the last quarter. Jennison Associates LLC bought a new stake in Exzeo Group in the 4th quarter valued at approximately $14,096,000. Goldman Sachs Group Inc. bought a new stake in shares of Exzeo Group in the fourth quarter worth $12,551,000. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Exzeo Group during the 4th quarter worth about $7,059,000.

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.