Atom Investors LP Acquires New Position in Exzeo Group, Inc. $XZO

Atom Investors LP acquired a new stake in shares of Exzeo Group, Inc. (NYSE:XZO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 160,343 shares of the company’s stock, valued at approximately $3,888,000. Atom Investors LP owned approximately 0.18% of Exzeo Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XZO. Verition Fund Management LLC bought a new stake in Exzeo Group during the 4th quarter valued at about $532,000. HRT Financial LP bought a new stake in Exzeo Group during the 4th quarter valued at about $754,000. Jane Street Group LLC bought a new stake in Exzeo Group during the 4th quarter valued at about $1,187,000. Legato Capital Management LLC bought a new stake in Exzeo Group during the 4th quarter valued at about $1,475,000. Finally, Federated Hermes Inc. bought a new stake in Exzeo Group during the 4th quarter valued at about $2,425,000.

Exzeo Group Stock Performance

NYSE:XZO opened at $13.25 on Wednesday. Exzeo Group, Inc. has a one year low of $12.36 and a one year high of $24.60. The firm has a market cap of $1.20 billion and a P/E ratio of 18.41. The firm has a 50-day simple moving average of $14.64 and a 200-day simple moving average of $17.06.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings results 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 the consensus estimate of $55.90 million. On average, research analysts predict that Exzeo Group, Inc. will post 1.01 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings lowered shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.00.

Insider Activity at Exzeo Group

In other news, CEO Paresh Patel acquired 2,000 shares of Exzeo Group stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price 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. The trade was a 0.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders have bought 44,000 shares of company stock valued at $674,940. Insiders own 4.00% of the company’s stock.

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.