Exzeo Group, Inc. (NYSE:XZO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Exzeo Group, Inc. (NYSE:XZO) have been given an average rating of “Moderate Buy” by the five research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $26.00.

XZO has been the topic of several research analyst reports. Weiss Ratings initiated coverage on shares of Exzeo Group in a research note on Monday, February 2nd. They set a “hold (c-)” rating on the stock. Zacks Research raised Exzeo Group to a “hold” rating in a report on Tuesday, December 2nd. Finally, Wall Street Zen upgraded Exzeo Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th.

Insider Buying and Selling

In other Exzeo Group news, CEO Paresh Patel acquired 2,000 shares of Exzeo Group stock in a transaction on Monday, March 23rd. The shares were bought at an average price of $14.93 per share, with a total value of $29,860.00. Following the completion of the purchase, the chief executive officer owned 1,582,013 shares in the company, valued at $23,619,454.09. This trade represents a 0.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired a total of 6,000 shares of company stock valued at $91,940 over the last quarter.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Ionic Capital Management LLC acquired a new position in Exzeo Group during the 4th quarter worth about $328,000. Verition Fund Management LLC acquired a new stake in Exzeo Group in the 4th quarter valued at about $532,000. HRT Financial LP bought a new position in shares of Exzeo Group in the fourth quarter worth about $754,000. Jane Street Group LLC bought a new position in shares of Exzeo Group in the fourth quarter worth about $1,187,000. Finally, Legato Capital Management LLC acquired a new position in shares of Exzeo Group during the fourth quarter worth approximately $1,475,000.

Exzeo Group Price Performance

Shares of NYSE:XZO opened at $14.70 on Wednesday. The firm has a fifty day moving average price of $16.64. Exzeo Group has a 52 week low of $12.91 and a 52 week high of $24.60. The firm has a market cap of $1.34 billion and a P/E ratio of 29.40.

Exzeo Group (NYSE:XZO) last announced its earnings results on Wednesday, February 25th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.12. The firm had revenue of $53.32 million for the quarter, compared to analyst estimates of $41.50 million.

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.