Exzeo Group (NYSE:XZO) Sees Large Volume Increase – Still a Buy?

Exzeo Group, Inc. (NYSE:XZO) saw an uptick in trading volume on Monday. 573,061 shares traded hands during mid-day trading, an increase of 159% from the previous session’s volume of 221,029 shares. The stock last traded at $14.7420 and had previously closed at $14.40.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XZO shares. Zacks Research downgraded Exzeo Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 26th. Weiss Ratings upgraded Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.00.

Exzeo Group Stock Performance

The stock’s fifty day moving average price is $16.01 and its 200-day moving average price is $15.41. The firm has a market cap of $1.35 billion and a PE ratio of 15.34.

Exzeo Group (NYSE:XZO) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $56.29 million for the quarter. Exzeo Group had a net margin of 39.14% and a return on equity of 38.77%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. Sell-side analysts forecast that Exzeo Group, Inc. will post 0.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Exzeo Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Engineers Gate Manager LP acquired a new position in Exzeo Group during the second quarter worth approximately $272,000. Bank of New York Mellon Corp purchased a new stake in shares of Exzeo Group during the 2nd quarter valued at $287,000. Ionic Capital Management LLC purchased a new stake in shares of Exzeo Group during the 4th quarter valued at $328,000. State of Wyoming acquired a new stake in shares of Exzeo Group during the 1st quarter worth $334,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Exzeo Group during the 1st quarter worth $678,000.

Exzeo Group Company Profile

Exzeo Group, Inc is an insurance company focused on providing property and casualty insurance products in markets that are exposed to severe weather and other catastrophe risks. The company uses technology and data-driven underwriting processes to support the development, distribution and administration of insurance coverage.

Its business is centered on personal and commercial property insurance offerings, including coverage designed for homeowners and other property owners. Exzeo distributes its products through insurance agents and other industry partners, with an emphasis on serving customers in regions where traditional insurers may have limited capacity.

The company is headquartered in the United States and operates through its insurance and related service subsidiaries.