Alden Global Capital LLC Purchases Shares of 122,507 Exzeo Group, Inc. $XZO

Alden Global Capital LLC purchased a new stake in Exzeo Group, Inc. (NYSE:XZO) in the 4th quarter, Holdings Channel reports. The firm purchased 122,507 shares of the company’s stock, valued at approximately $2,971,000. Exzeo Group makes up 1.4% of Alden Global Capital LLC’s portfolio, making the stock its 17th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jennison Associates LLC purchased a new stake in Exzeo Group in the 4th quarter valued at about $14,096,000. Goldman Sachs Group Inc. purchased a new stake in Exzeo Group in the 4th quarter valued at about $12,551,000. Essex Investment Management Co. LLC purchased a new stake in Exzeo Group in the 4th quarter valued at about $7,059,000. FJ Capital Management LLC purchased a new stake in Exzeo Group in the 4th quarter valued at about $5,768,000. Finally, Whetstone Capital Advisors LLC purchased a new stake in Exzeo Group in the 4th quarter valued at about $4,480,000.

Wall Street Analysts Forecast Growth

XZO has been the subject of several recent analyst reports. Weiss Ratings cut Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Exzeo Group Trading Down 0.1%

Shares of NYSE XZO opened at $13.16 on Thursday. Exzeo Group, Inc. has a twelve month low of $12.36 and a twelve month high of $24.60. The company has a market capitalization of $1.20 billion and a price-to-earnings ratio of 18.28. The business has a 50 day simple moving average of $14.61 and a 200-day simple moving average of $17.03.

Exzeo Group (NYSE:XZO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $54.01 million during the quarter, compared to the consensus estimate of $55.90 million. As a group, equities analysts predict that Exzeo Group, Inc. will post 1.01 earnings per share for the current year.

Exzeo Group declared that its Board of Directors has approved a share buyback program on Tuesday, May 26th that authorizes the company to buyback $12.00 million in shares. This buyback authorization authorizes the company to repurchase up to 1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Exzeo Group

In related news, CEO Paresh Patel acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $13.26 per share, for a total transaction of $26,520.00. Following the purchase, the chief executive officer directly owned 1,672,013 shares in the company, valued at $22,170,892.38. This represents a 0.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 42,000 shares of company stock valued at $644,220. 4.00% of the stock is currently owned by insiders.

Exzeo Group 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.