Exzeo Group (NYSE:XZO) Shares Down 6.4% – What’s Next?

Exzeo Group, Inc. (NYSE:XZO) fell 6.4% during trading on Friday . The stock traded as low as $15.51 and last traded at $15.2460. Approximately 34,365 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 195,938 shares. The stock had previously closed at $16.29.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XZO. Weiss Ratings reiterated a “sell (d+)” rating on shares of Exzeo Group in a research note on Friday, July 24th. Wall Street Zen downgraded Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research downgraded Exzeo Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Exzeo Group Trading Down 5.1%

The company has a market capitalization of $1.41 billion and a P/E ratio of 15.78. The business’s 50-day simple moving average is $15.41 and its 200 day simple moving average is $15.81.

Exzeo Group (NYSE:XZO) last released its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $56.29 million during the quarter. Exzeo Group had a return on equity of 42.87% and a net margin of 39.14%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.26 earnings per share. As a group, sell-side analysts predict that Exzeo Group, Inc. will post 1.01 EPS for the current fiscal year.

Exzeo Group declared that its board has authorized a stock buyback plan on Tuesday, May 26th that allows the company to buyback $12.00 million in shares. This buyback authorization allows the company to buy up to 1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Exzeo Group news, CEO Paresh Patel bought 2,000 shares of Exzeo Group 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 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 10,000 shares of company stock worth $134,100 over the last ninety days. 4.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Exzeo Group

Hedge funds have recently modified their holdings of the stock. Ophir Asset Management Pty Ltd purchased a new stake in Exzeo Group during the fourth quarter valued at about $23,907,000. Janus Henderson Group PLC lifted its stake in Exzeo Group by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock worth $10,317,000 after acquiring an additional 85,126 shares in the last quarter. Jennison Associates LLC acquired a new stake in Exzeo Group during the 4th quarter worth about $14,096,000. Goldman Sachs Group Inc. acquired a new stake in Exzeo Group during the 4th quarter worth about $12,551,000. Finally, Essex Investment Management Co. LLC purchased a new position in Exzeo Group during the 4th quarter valued at about $7,059,000.

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.