160,343 Shares in Exzeo Group, Inc. $XZO Acquired by Atom Investors LP

Atom Investors LP acquired a new position in shares of Exzeo Group, Inc. (NYSE:XZO) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 160,343 shares of the company’s stock, valued at approximately $3,888,000.

Several other large investors have also recently modified their holdings of the company. Jennison Associates LLC bought a new position in shares of Exzeo Group during the 4th quarter worth approximately $14,096,000. Goldman Sachs Group Inc. bought a new position in shares of Exzeo Group during the 4th quarter worth approximately $12,551,000. Essex Investment Management Co. LLC purchased a new stake in Exzeo Group during the 4th quarter worth approximately $7,059,000. FJ Capital Management LLC purchased a new stake in Exzeo Group during the 4th quarter worth approximately $5,768,000. Finally, Whetstone Capital Advisors LLC purchased a new stake in Exzeo Group during the 4th quarter worth approximately $4,480,000.

Insider Transactions at Exzeo Group

In other news, CEO Paresh Patel purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $13.26 per share, with a total value of $26,520.00. Following the completion of the acquisition, the chief executive officer owned 1,672,013 shares of the company’s stock, valued at approximately $22,170,892.38. This represents a 0.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 44,000 shares of company stock worth $674,940 over the last quarter. Corporate insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

XZO has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Exzeo Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Exzeo Group Price Performance

XZO stock opened at $13.25 on Wednesday. The firm’s fifty day simple moving average is $14.64 and its 200-day simple moving average is $17.06. The company has a market capitalization of $1.20 billion and a P/E ratio of 18.41. Exzeo Group, Inc. has a 12 month low of $12.36 and a 12 month high of $24.60.

Exzeo Group (NYSE:XZO) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $54.01 million during the quarter, compared to analysts’ expectations of $55.90 million. As a group, sell-side analysts forecast that Exzeo Group, Inc. will post 1.01 earnings per share for the current year.

Exzeo Group announced that its Board of Directors has initiated a share buyback program on Tuesday, May 26th that permits the company to buyback $12.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.