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

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

Several research analysts have weighed in on XZO shares. Zacks Research downgraded shares of Exzeo Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Wall Street Zen cut shares of Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Exzeo Group in a research report on Friday, July 24th.

Exzeo Group Stock Up 4.6%

NYSE XZO opened at $16.92 on Friday. The company has a market cap of $1.52 billion and a price-to-earnings ratio of 17.27. Exzeo Group has a 52 week low of $12.36 and a 52 week high of $24.60. The business has a 50 day moving average price of $15.91 and a 200-day moving average price of $15.44.

Exzeo Group (NYSE:XZO) last issued its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%.The company had revenue of $56.29 million for the quarter. During the same period in the previous year, the company earned $0.26 earnings per share. Exzeo Group’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Exzeo Group will post 0.98 earnings per share for the current year.

Exzeo Group declared that its Board of Directors has authorized a stock buyback 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 an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Exzeo Group

In related news, CEO Paresh Patel purchased 2,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $13.26 per share, for a total transaction of $26,520.00. Following the purchase, the chief executive officer owned 1,672,013 shares of the company’s stock, valued at approximately $22,170,892.38. This trade represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XZO. Ophir Asset Management Pty Ltd bought a new stake in Exzeo Group during the fourth quarter worth $23,907,000. Janus Henderson Group PLC lifted its stake in Exzeo Group by 13.8% during the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock valued at $10,317,000 after acquiring an additional 85,126 shares in the last quarter. Jennison Associates LLC purchased a new position in Exzeo Group during the 4th quarter worth $14,096,000. Goldman Sachs Group Inc. purchased a new position in Exzeo Group during the 4th quarter worth $12,551,000. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Exzeo Group in the 4th quarter worth $7,059,000.

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.