581,262 Shares in Exzeo Group, Inc. $XZO Bought by Jennison Associates LLC

Jennison Associates LLC purchased a new position in Exzeo Group, Inc. (NYSE:XZO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 581,262 shares of the company’s stock, valued at approximately $14,096,000.

Exzeo Group Stock Performance

Shares of Exzeo Group stock opened at $16.38 on Friday. The stock has a 50-day simple moving average of $15.57. The company has a market cap of $1.49 billion and a price-to-earnings ratio of 32.76. Exzeo Group, Inc. has a 1 year low of $12.91 and a 1 year high of $24.60.

Exzeo Group (NYSE:XZO) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.12. The business had revenue of $53.32 million during the quarter, compared to the consensus estimate of $41.50 million. Equities analysts anticipate that Exzeo Group, Inc. will post 0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on XZO shares. Wall Street Zen raised shares of Exzeo Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings cut shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Three equities research 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.00.

Insider Activity

In other Exzeo Group news, CEO Paresh Patel purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was bought at an average cost of $17.48 per share, for a total transaction of $34,960.00. Following the purchase, the chief executive officer directly owned 1,620,013 shares in the company, valued at $28,317,827.24. The trade was a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have bought 30,000 shares of company stock valued at $474,700.

About Exzeo Group

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.