Exzeo Group (NYSE:XZO – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.
XZO has been the subject of several other reports. 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. Wall Street Zen lowered shares of Exzeo Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.00.
Check Out Our Latest Stock Analysis on XZO
Exzeo Group Price Performance
Exzeo Group (NYSE:XZO – Get Free Report) last announced its earnings results 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 business had revenue of $56.29 million for 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. Equities analysts expect that Exzeo Group will post 0.98 EPS for the current year.
Exzeo Group announced that its board has initiated a share repurchase plan on Tuesday, May 26th that authorizes the company to repurchase $12.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its position in Exzeo Group by 320.8% during the second quarter. California State Teachers Retirement System now owns 1,822 shares of the company’s stock valued at $31,000 after purchasing an additional 1,389 shares during the last quarter. Ionic Capital Management LLC acquired a new position in shares of Exzeo Group during the 4th quarter worth approximately $328,000. Bank of New York Mellon Corp bought a new stake in shares of Exzeo Group during the 2nd quarter worth approximately $287,000. Verition Fund Management LLC bought a new stake in shares of Exzeo Group during the 4th quarter worth approximately $532,000. Finally, State of Wyoming acquired a new stake in shares of Exzeo Group in the 1st quarter valued at approximately $334,000.
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.
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