Zacks Research Upgrades Exzeo Group (NYSE:XZO) to “Hold”

Exzeo Group (NYSE:XZO) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

Separately, Weiss Ratings upgraded Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Exzeo Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Exzeo Group Stock Performance

NYSE:XZO opened at $15.22 on Tuesday. The company has a market cap of $1.37 billion and a price-to-earnings ratio of 15.53. The stock’s fifty day moving average price is $15.98 and its two-hundred day moving average price is $15.41. Exzeo Group has a 52-week low of $12.36 and a 52-week high of $24.60.

Exzeo Group (NYSE:XZO) last released its earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate 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%.The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share. On average, equities analysts predict that Exzeo Group will post 0.98 EPS for the current fiscal year.

Institutional Trading of Exzeo Group

Several institutional investors and hedge funds have recently made changes to their positions in XZO. Whetstone Capital Advisors LLC lifted its stake in shares of Exzeo Group by 31.6% in the 2nd quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company’s stock valued at $9,136,000 after purchasing an additional 130,191 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Exzeo Group during the second quarter worth $272,000. Bank of New York Mellon Corp bought a new stake in Exzeo Group in the second quarter valued at about $287,000. Bank of America Corp DE increased its holdings in Exzeo Group by 17.4% in the first 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 last quarter. Finally, Janus Henderson Group PLC lifted its stake in Exzeo Group by 13.8% in the first quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock valued at $10,317,000 after buying an additional 85,126 shares during the period.

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.