122,507 Shares in Exzeo Group, Inc. $XZO Acquired by Alden Global Capital LLC

Alden Global Capital LLC bought a new position in shares of Exzeo Group, Inc. (NYSE:XZO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 122,507 shares of the company’s stock, valued at approximately $2,971,000. Exzeo Group accounts for about 1.4% of Alden Global Capital LLC’s holdings, making the stock its 17th largest holding. Alden Global Capital LLC owned about 0.13% of Exzeo Group at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in XZO. Verition Fund Management LLC purchased a new position in Exzeo Group in the fourth quarter valued at approximately $532,000. HRT Financial LP purchased a new position in Exzeo Group in the fourth quarter valued at approximately $754,000. Jane Street Group LLC purchased a new position in Exzeo Group in the fourth quarter valued at approximately $1,187,000. Legato Capital Management LLC purchased a new position in Exzeo Group in the fourth quarter valued at approximately $1,475,000. Finally, HBK Investments L P purchased a new position in Exzeo Group in the fourth quarter valued at approximately $1,940,000.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CEO Paresh Patel acquired 2,000 shares of the company’s 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 transaction, the chief executive officer owned 1,672,013 shares in the company, valued at $22,170,892.38. This trade represents a 0.12% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders bought 42,000 shares of company stock worth $644,220. Company insiders own 4.00% of the company’s stock.

Exzeo Group Stock Down 0.1%

NYSE:XZO opened at $13.16 on Thursday. The company has a market capitalization of $1.20 billion and a PE ratio of 18.28. Exzeo Group, Inc. has a 52-week low of $12.36 and a 52-week high of $24.60. The stock has a fifty day simple moving average of $14.61 and a 200-day simple moving average of $17.03.

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

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