Seven Grand Managers LLC Takes Position in Exzeo Group, Inc. $XZO

Seven Grand Managers LLC acquired a new stake in Exzeo Group, Inc. (NYSE:XZO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $3,638,000. Seven Grand Managers LLC owned about 0.17% of Exzeo Group as of its most recent filing with the Securities and Exchange Commission.

Separately, Jennison Associates LLC purchased a new position in shares of Exzeo Group in the 4th quarter valued at about $14,096,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings downgraded Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a 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 investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Exzeo Group has an average rating of “Hold” and an average price target of $26.00.

Insider Buying and Selling

In other news, CEO Paresh Patel purchased 2,000 shares of the business’s stock in a transaction on Monday, April 20th. The shares were bought at an average price of $17.48 per share, with a total value of $34,960.00. Following the completion of the transaction, the chief executive officer directly owned 1,620,013 shares in the company, valued at approximately $28,317,827.24. This represents a 0.12% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 46,000 shares of company stock worth $706,300 over the last quarter. Insiders own 4.00% of the company’s stock.

Exzeo Group Stock Performance

XZO opened at $13.73 on Thursday. The firm has a market capitalization of $1.25 billion and a price-to-earnings ratio of 19.07. Exzeo Group, Inc. has a 52 week low of $12.50 and a 52 week high of $24.60. The stock’s 50 day moving average price is $14.97.

Exzeo Group (NYSE:XZO) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 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. On average, sell-side analysts predict that Exzeo Group, Inc. will post 1.01 earnings per share 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 outstanding shares. This buyback authorization permits the company to buy up to 1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.