Y Intercept Hong Kong Ltd Takes $678,000 Position in Exzeo Group, Inc. $XZO

Y Intercept Hong Kong Ltd purchased a new position in shares of Exzeo Group, Inc. (NYSE:XZO) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 46,196 shares of the company’s stock, valued at approximately $678,000.

A number of other hedge funds also recently modified their holdings of XZO. Ophir Asset Management Pty Ltd purchased a new position in Exzeo Group in the fourth quarter valued at approximately $23,907,000. Janus Henderson Group PLC bought a new stake in shares of Exzeo Group in the fourth quarter valued at $14,991,000. Jennison Associates LLC purchased a new position in shares of Exzeo Group during the 4th quarter valued at $14,096,000. Goldman Sachs Group Inc. purchased a new position in shares of Exzeo Group during the 4th quarter valued at $12,551,000. Finally, Essex Investment Management Co. LLC bought a new position in shares of Exzeo Group during the 4th quarter worth $7,059,000.

Exzeo Group Stock Performance

Shares of NYSE XZO opened at $17.29 on Tuesday. Exzeo Group, Inc. has a fifty-two week low of $12.36 and a fifty-two week high of $24.60. The stock has a market cap of $1.57 billion and a PE ratio of 24.02. The stock has a fifty day moving average of $14.64 and a 200-day moving average of $16.67.

Exzeo Group (NYSE:XZO) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $55.90 million. On average, sell-side analysts predict that Exzeo Group, Inc. will post 1.01 EPS for the current year.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research upgraded shares of Exzeo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Weiss Ratings downgraded shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Exzeo Group has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Insider Buying and Selling at Exzeo Group

In other news, CEO Paresh Patel purchased 2,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $13.26 per share, with a total value of $26,520.00. Following the completion of the acquisition, the chief executive officer owned 1,672,013 shares in the company, valued at $22,170,892.38. This represents a 0.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders bought 30,000 shares of company stock worth $464,840 in the last quarter. Corporate insiders own 4.00% of the company’s stock.

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.