Exzeo Group, Inc. (XZO) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts are moderately bullish: Exzeo Group has a consensus “Moderate Buy” rating, with three buys and two holds. The average 12-month price target is $26.00, compared with a recent share price of $15.92.
• Recent quarterly results exceeded expectations: Exzeo reported EPS of $0.26 versus the $0.24 consensus estimate and revenue of $56.29 million, up 3% year over year. The company posted a 39.14% net margin and 38.77% return on equity.
• Analyst sentiment has improved, with Zacks Research and Weiss Ratings each upgrading the stock to “hold” from more negative ratings. Several institutional investors also recently initiated positions in Exzeo.

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) has been given an average rating of "Moderate Buy" by the five research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $26.00.

XZO has been the topic of a number of recent analyst reports. Zacks Research upgraded Exzeo Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 6th. Weiss Ratings raised shares of Exzeo Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 21st.

Exzeo Group Stock Performance

Shares of XZO stock opened at $15.92 on Friday. Exzeo Group has a 52-week low of $12.36 and a 52-week high of $24.60. The firm has a market capitalization of $1.43 billion and a P/E ratio of 16.25. The stock has a 50 day moving average price of $15.99 and a 200 day moving average price of $15.42.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $56.29 million during the quarter. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%. Exzeo Group's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. As a group, sell-side analysts forecast that Exzeo Group will post 0.98 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Ionic Capital Management LLC bought a new stake in Exzeo Group during the 4th quarter valued at about $328,000. Engineers Gate Manager LP bought a new position in Exzeo Group in the 2nd quarter worth about $272,000. Bank of New York Mellon Corp bought a new position in Exzeo Group in the 2nd quarter worth about $287,000. State of Wyoming bought a new position in Exzeo Group in the 1st quarter worth about $334,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Exzeo Group in the 1st quarter worth about $678,000.

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.

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