Janus Henderson Group PLC Has $10.32 Million Stock Holdings in Exzeo Group, Inc. $XZO

Janus Henderson Group PLC raised its holdings in shares of Exzeo Group, Inc. (NYSE:XZO) by 13.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 703,304 shares of the company’s stock after acquiring an additional 85,126 shares during the quarter. Janus Henderson Group PLC’s holdings in Exzeo Group were worth $10,317,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in XZO. Ophir Asset Management Pty Ltd acquired a new position in Exzeo Group in the 4th quarter valued at approximately $23,907,000. Jennison Associates LLC purchased a new stake in Exzeo Group in the 4th quarter worth approximately $14,096,000. Goldman Sachs Group Inc. acquired a new stake in shares of Exzeo Group during the 4th quarter valued at $12,551,000. Essex Investment Management Co. LLC acquired a new stake in shares of Exzeo Group during the 4th quarter valued at $7,059,000. Finally, FJ Capital Management LLC purchased a new position in shares of Exzeo Group during the 4th quarter valued at $5,768,000.

Exzeo Group Stock Performance

Exzeo Group stock opened at $16.22 on Wednesday. Exzeo Group, Inc. has a 52 week low of $12.36 and a 52 week high of $24.60. The firm has a market capitalization of $1.47 billion and a PE ratio of 22.52. The business’s 50-day simple moving average is $15.28 and its 200-day simple moving average is $15.90.

Exzeo Group (NYSE:XZO) last released its 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 company had revenue of $54.01 million for the quarter, compared to analyst estimates of $55.90 million. Research analysts forecast that Exzeo Group, Inc. will post 1.01 earnings per share for the current year.

Exzeo Group announced that its board has authorized a stock buyback program on Tuesday, May 26th that permits the company to repurchase $12.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have weighed in on XZO. Zacks Research lowered Exzeo Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Exzeo Group in a research note on Friday, July 24th. Three investment 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. According to data from MarketBeat, the company 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 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, with a total value of $26,520.00. Following the completion of the transaction, the chief executive officer directly owned 1,672,013 shares in the company, valued at $22,170,892.38. This trade represents a 0.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders purchased 12,000 shares of company stock valued at $164,320. 4.00% of the stock is currently owned by company 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.