Exzeo Group (NYSE:XZO) Trading Up 5.2% – What’s Next?

Exzeo Group, Inc. (NYSE:XZO) shares were up 5.2% during mid-day trading on Friday . The company traded as high as $13.19 and last traded at $13.20. Approximately 55,043 shares traded hands during trading, a decline of 73% from the average daily volume of 200,443 shares. The stock had previously closed at $12.55.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XZO. Weiss Ratings cut shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Wall Street Zen cut shares of Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.00.

Exzeo Group Stock Performance

The company’s 50-day moving average is $14.79 and its 200-day moving average is $17.20. The firm has a market cap of $1.19 billion and a price-to-earnings ratio of 18.16.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $54.01 million during the quarter, compared to analyst estimates of $55.90 million. On average, analysts predict that Exzeo Group, Inc. will post 1.01 EPS for the current year.

Exzeo Group declared that its Board of Directors has approved a share buyback plan on Tuesday, May 26th that permits the company to repurchase $12.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Exzeo Group

In other news, CEO Paresh Patel purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average price of $13.26 per share, with a total value of $26,520.00. Following the completion of the purchase, the chief executive officer directly owned 1,672,013 shares of the company’s stock, valued at $22,170,892.38. The trade was a 0.12% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 46,000 shares of company stock worth $706,300 in the last ninety days. Insiders own 4.00% of the company’s stock.

Institutional Trading of Exzeo Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Exzeo Group by 17.4% during the 1st quarter. Bank of America Corp DE now owns 58,695 shares of the company’s stock valued at $861,000 after purchasing an additional 8,695 shares during the period. Janus Henderson Group PLC grew its position in shares of Exzeo Group by 13.8% during the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock worth $10,317,000 after buying an additional 85,126 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Exzeo Group during the 1st quarter worth approximately $2,459,000. State of Wyoming bought a new stake in shares of Exzeo Group during the first quarter worth approximately $334,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Exzeo Group during the first quarter worth approximately $678,000.

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.