Exzeo Group (NYSE:XZO) Stock Lifted to Hold by Zacks Research

Key Points

• Zacks Research upgraded Exzeo Group from “strong sell” to “hold,” while Weiss Ratings also raised its view to “hold.” Overall, analysts have a “Moderate Buy” consensus with a $26.00 target price.
• Exzeo reported quarterly EPS of $0.26, beating estimates of $0.24, with revenue up 3.0% year over year to $56.29 million. The company posted a 38.77% return on equity and a 39.14% net margin.
• XZO opened at $15.22, versus a 52-week range of $12.36 to $24.60, with a $1.37 billion market capitalization. Several institutional investors recently increased or initiated positions in the stock.

Exzeo Group (NYSE:XZO - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Separately, Weiss Ratings upgraded Exzeo Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.00.

Exzeo Group Price Performance

XZO stock opened at $15.22 on Tuesday. Exzeo Group has a 1 year low of $12.36 and a 1 year high of $24.60. The firm has a 50-day moving average of $15.98 and a 200 day moving average of $15.41. The company has a market cap of $1.37 billion and a P/E ratio of 15.53.

Exzeo Group (NYSE:XZO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%.The business had revenue of $56.29 million for the quarter. During the same period in the previous year, the firm posted $0.26 earnings per share. The business's revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts expect that Exzeo Group will post 0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XZO. Janus Henderson Group PLC boosted its holdings in Exzeo Group by 13.8% in the first quarter. Janus Henderson Group PLC now owns 703,304 shares of the company's stock worth $10,317,000 after acquiring an additional 85,126 shares in the last quarter. Whetstone Capital Advisors LLC increased its holdings in shares of Exzeo Group by 31.6% during the second quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company's stock valued at $9,136,000 after acquiring an additional 130,191 shares in the last quarter. FJ Capital Management LLC purchased a new position in shares of Exzeo Group in the 4th quarter worth about $5,768,000. Renaissance Technologies LLC bought a new position in Exzeo Group in the 1st quarter worth about $2,459,000. Finally, Atom Investors LP purchased a new stake in Exzeo Group during the 4th quarter valued at about $3,888,000.

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.

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