Exzeo Group, Inc. (NYSE:XZO) Given Consensus Recommendation of “Hold” by Analysts

Shares of Exzeo Group, Inc. (NYSE:XZO) have earned an average rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $26.00.

A number of brokerages have recently issued reports on XZO. Zacks Research cut Exzeo Group from a “hold” rating to a “strong sell” rating in a report on Wednesday. Weiss Ratings raised Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Finally, Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th.

Exzeo Group Stock Up 1.4%

NYSE XZO opened at $16.78 on Friday. The stock has a market cap of $1.51 billion and a P/E ratio of 17.12. The company’s 50-day simple moving average is $16.28 and its 200 day simple moving average is $15.38. Exzeo Group has a twelve month low of $12.36 and a twelve month high of $24.60.

Exzeo Group (NYSE:XZO) last announced its quarterly earnings results 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 during the quarter. Exzeo Group had a net margin of 39.14% and a return on equity of 38.77%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 EPS. Research analysts anticipate that Exzeo Group will post 0.98 earnings per share for the current year.

Exzeo Group declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 26th that authorizes the company to buyback $12.00 million in shares. This buyback authorization authorizes the company to repurchase up to 1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Exzeo Group

Several large investors have recently made changes to their positions in XZO. Jennison Associates LLC acquired a new stake in shares of Exzeo Group during the 4th quarter worth about $14,096,000. Legato Capital Management LLC acquired a new position in Exzeo Group in the fourth quarter valued at about $1,475,000. Seven Grand Managers LLC acquired a new position in Exzeo Group in the fourth quarter valued at about $3,638,000. Goldman Sachs Group Inc. bought a new stake in Exzeo Group during the fourth quarter worth about $12,551,000. Finally, Federated Hermes Inc. bought a new stake in Exzeo Group during the fourth quarter worth about $2,425,000.

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.