Exzeo Group’s (XZO) Buy Rating Reiterated at Truist Financial

Truist Financial restated their buy rating on shares of Exzeo Group (NYSE:XZO) in a report released on Tuesday morning,Benzinga reports. Truist Financial currently has a $24.00 price target on the stock, down from their previous price target of $25.00.

Other equities analysts also recently issued research reports about the company. Zacks Research upgraded Exzeo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 6th. Weiss Ratings upgraded Exzeo Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Exzeo Group Trading Down 11.1%

NYSE:XZO opened at $17.19 on Tuesday. The stock has a market capitalization of $1.55 billion and a P/E ratio of 19.72. 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 $16.32 and a 200-day moving average of $15.95.

Exzeo Group (NYSE:XZO) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Exzeo Group had a return on equity of 32.30% and a net margin of 39.67%. The business had revenue of $53.89 million for the quarter. As a group, analysts forecast that Exzeo Group will post 0.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Exzeo Group

A number of large investors have recently modified their holdings of XZO. Renaissance Technologies LLC acquired a new stake in shares of Exzeo Group in the first quarter valued at approximately $2,459,000. Whetstone Capital Advisors LLC raised its position in Exzeo Group by 31.6% in the 2nd quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company’s stock worth $9,136,000 after purchasing an additional 130,191 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Exzeo Group by 13.8% during the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock worth $10,317,000 after buying an additional 85,126 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Exzeo Group during the 1st quarter worth $678,000. Finally, Keybank National Association OH acquired a new position in Exzeo Group during the 3rd quarter worth $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.