FJ Capital Management LLC Invests $5.77 Million in Exzeo Group, Inc. $XZO

FJ Capital Management LLC bought a new position in Exzeo Group, Inc. (NYSE:XZO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 237,856 shares of the company’s stock, valued at approximately $5,768,000. FJ Capital Management LLC owned about 0.26% of Exzeo Group at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in shares of Exzeo Group in the fourth quarter worth about $2,705,000. Essex Investment Management Co. LLC bought a new stake in shares of Exzeo Group in the fourth quarter worth about $7,059,000. Jane Street Group LLC bought a new stake in Exzeo Group during the fourth quarter worth approximately $1,187,000. HRT Financial LP bought a new stake in Exzeo Group during the fourth quarter worth approximately $754,000. Finally, Federated Hermes Inc. bought a new stake in Exzeo Group during the fourth quarter worth approximately $2,425,000.

Insider Activity

In other Exzeo Group news, CEO Paresh Patel bought 2,000 shares of the company’s stock in a transaction on Monday, April 20th. The stock was acquired at an average price of $17.48 per share, for a total transaction of $34,960.00. Following the completion of the transaction, the chief executive officer directly owned 1,620,013 shares of the company’s stock, valued at approximately $28,317,827.24. 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 the SEC website. Insiders purchased a total of 46,000 shares of company stock worth $706,300 in the last ninety days. 4.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on XZO. Weiss Ratings cut Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Wall Street Zen cut Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.00.

Exzeo Group Price Performance

Shares of NYSE XZO opened at $13.12 on Friday. The business’s 50 day moving average is $14.68 and its two-hundred day moving average is $17.11. Exzeo Group, Inc. has a 1-year low of $12.36 and a 1-year high of $24.60. The stock has a market capitalization of $1.19 billion and a P/E ratio of 18.22.

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

Exzeo Group declared that its Board of Directors has initiated 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 reacquire up to 1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.