Exzeo Group (NYSE:XZO) Sets New 1-Year High After Insider Buying Activity

Exzeo Group, Inc. (NYSE:XZO)’s share price hit a new 52-week high during trading on Monday following insider buying activity. The company traded as high as $22.80 and last traded at $22.57, with a volume of 48444 shares trading hands. The stock had previously closed at $20.72.

Specifically, General Counsel Brook Armstrong Baker bought 10,020 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average price of $19.58 per share, for a total transaction of $196,191.60. Following the transaction, the general counsel directly owned 248,026 shares of the company’s stock, valued at $4,856,349.08. This represents a 4.21% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Suela Bulku acquired 10,020 shares of the stock in a transaction dated Thursday, December 18th. The stock was acquired at an average price of $19.58 per share, with a total value of $196,191.60. Following the completion of the acquisition, the chief financial officer owned 314,874 shares in the company, valued at approximately $6,165,232.92. The trade was a 3.29% increase in their position. The SEC filing for this purchase provides additional information. In other Exzeo Group news, President Kevin Andrew Mitchell bought 12,510 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were bought at an average price of $19.58 per share, for a total transaction of $244,945.80. Following the transaction, the president directly owned 715,135 shares in the company, valued at $14,002,343.30. This trade represents a 1.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Several research analysts have commented on XZO shares. Truist Financial assumed coverage on shares of Exzeo Group in a report on Monday, December 1st. They set a “buy” rating and a $25.00 target price on the stock. William Blair initiated coverage on shares of Exzeo Group in a research report on Monday, December 1st. They set an “outperform” rating for the company. Zacks Research raised shares of Exzeo Group to a “hold” rating in a research note on Tuesday, December 2nd. Citizens Jmp assumed coverage on shares of Exzeo Group in a report on Monday, December 1st. They issued a “market outperform” rating and a $27.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Exzeo Group to a “hold” rating in a report on Monday, November 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $26.00.

Exzeo Group Stock Up 0.1%

Exzeo Group (NYSE:XZO) last posted its quarterly earnings results on Wednesday, December 10th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $55.17 million during the quarter, compared to the consensus estimate of $54.40 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.