Sei Investments Co. Reduces Position in Exzeo Group, Inc. $XZO

Sei Investments Co. trimmed its stake in Exzeo Group, Inc. (NYSE:XZO) by 31.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,490 shares of the company’s stock after selling 48,731 shares during the quarter. Sei Investments Co. owned approximately 0.12% of Exzeo Group worth $1,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ionic Capital Management LLC purchased a new stake in Exzeo Group during the 4th quarter worth about $328,000. Verition Fund Management LLC purchased a new position in Exzeo Group in the 4th quarter valued at about $532,000. State of Wyoming acquired a new stake in shares of Exzeo Group during the 1st quarter worth about $334,000. HRT Financial LP acquired a new stake in shares of Exzeo Group during the 4th quarter worth about $754,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Exzeo Group during the first quarter worth about $678,000.

Wall Street Analyst Weigh In

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

Exzeo Group Stock Performance

XZO opened at $15.78 on Tuesday. Exzeo Group, Inc. has a 1 year low of $12.36 and a 1 year high of $24.60. The company’s 50 day simple moving average is $15.43 and its 200 day simple moving average is $15.72. The stock has a market capitalization of $1.43 billion and a PE ratio of 16.10.

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

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

Insider Activity

In related news, CEO Paresh Patel acquired 2,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $13.26 per share, with a total value of $26,520.00. Following the purchase, the chief executive officer directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have acquired 8,000 shares of company stock worth $106,120. 4.00% of the stock is owned by insiders.

Exzeo Group Company 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.