Exzeo Group (NYSE:XZO) Shares Down 4.7% – Should You Sell?

Exzeo Group, Inc. (NYSE:XZOGet Free Report) traded down 4.7% during trading on Wednesday . The stock traded as low as $13.13 and last traded at $13.05. 47,703 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 192,804 shares. The stock had previously closed at $13.69.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XZO shares. Wall Street Zen lowered shares of Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings lowered shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Read Our Latest Stock Analysis on XZO

Exzeo Group Trading Down 5.3%

The company has a market capitalization of $1.18 billion and a price-to-earnings ratio of 17.99. The company has a 50-day moving average of $15.23.

Exzeo Group (NYSE:XZOGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $54.01 million for the quarter, compared to analyst estimates of $55.90 million. As a group, sell-side analysts expect that Exzeo Group, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling

In other Exzeo Group news, CEO Paresh Patel acquired 2,000 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was purchased at an average price of $17.48 per share, with a total value of $34,960.00. Following the completion of the acquisition, the chief executive officer directly owned 1,620,013 shares in the company, valued at $28,317,827.24. This trade represents a 0.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 40,000 shares of company stock valued at $627,280 over the last three months. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Exzeo Group

Hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC acquired a new position in Exzeo Group in the fourth quarter worth $14,096,000. Marshall Wace LLP acquired a new position in shares of Exzeo Group during the fourth quarter valued at $2,705,000. Goldman Sachs Group Inc. acquired a new position in shares of Exzeo Group during the fourth quarter valued at $12,551,000. Janus Henderson Group PLC acquired a new position in shares of Exzeo Group during the fourth quarter valued at $14,991,000. Finally, Ophir Asset Management Pty Ltd acquired a new position in shares of Exzeo Group during the fourth quarter valued at $23,907,000.

About Exzeo Group

(Get Free Report)

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.

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