Exzeo Group, Inc. (NYSE:XZO) Stock Has Average Price Target of $26.00

Exzeo Group, Inc. (NYSE:XZO) has earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $26.00.

Several research analysts have commented on XZO shares. Weiss Ratings upgraded shares of Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Zacks Research upgraded shares of Exzeo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 6th.

Hedge Funds Weigh In On Exzeo Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FJ Capital Management LLC acquired a new position in Exzeo Group during the fourth quarter valued at $5,768,000. Whetstone Capital Advisors LLC purchased a new stake in Exzeo Group in the 4th quarter worth about $4,480,000. Renaissance Technologies LLC purchased a new stake in Exzeo Group in the 1st quarter worth about $2,459,000. Atom Investors LP acquired a new stake in Exzeo Group during the 4th quarter worth about $3,888,000. Finally, Alden Global Capital LLC acquired a new stake in Exzeo Group during the 4th quarter worth about $2,971,000.

Exzeo Group Stock Down 0.4%

Shares of NYSE XZO opened at $15.97 on Friday. Exzeo Group has a 12 month low of $12.36 and a 12 month high of $24.60. The company has a market cap of $1.44 billion and a price-to-earnings ratio of 16.36. The business has a fifty day simple moving average of $15.99 and a 200-day simple moving average of $15.44.

Exzeo Group (NYSE:XZO) last issued its quarterly 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. The firm had revenue of $56.29 million for the quarter. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. As a group, sell-side analysts expect that Exzeo Group will post 0.98 EPS for the current fiscal year.

About Exzeo Group

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.