Exzeo Group (NYSE:XZO) Shares Down 5.2% – Should You Sell?

Shares of Exzeo Group, Inc. (NYSE:XZO) traded down 5.2% during trading on Tuesday . The company traded as low as $15.97 and last traded at $15.88. 33,647 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 210,140 shares. The stock had previously closed at $16.75.

Analyst Upgrades and Downgrades

Several equities analysts have commented on XZO shares. Weiss Ratings raised shares of Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Zacks Research cut shares of Exzeo Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.00.

Exzeo Group Stock Down 4.1%

The firm’s 50 day moving average is $16.20 and its two-hundred day moving average is $15.44. The company has a market cap of $1.45 billion and a P/E ratio of 16.32.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $56.29 million during the quarter. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%.The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share. As a group, research analysts forecast that Exzeo Group, Inc. will post 0.98 EPS for the current fiscal year.

Exzeo Group announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 26th that authorizes the company to repurchase $12.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Exzeo Group

Several institutional investors and hedge funds have recently bought and sold shares of XZO. Janus Henderson Group PLC grew its stake in Exzeo Group by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock valued at $10,317,000 after buying an additional 85,126 shares in the last quarter. Whetstone Capital Advisors LLC increased its holdings in Exzeo Group by 31.6% during the 2nd quarter. Whetstone Capital Advisors LLC now owns 541,544 shares of the company’s stock valued at $9,136,000 after purchasing an additional 130,191 shares during the period. FJ Capital Management LLC purchased a new stake in Exzeo Group in the fourth quarter worth $5,768,000. Renaissance Technologies LLC purchased a new stake in Exzeo Group in the first quarter worth $2,459,000. Finally, Atom Investors LP bought a new position in Exzeo Group in the fourth quarter worth $3,888,000.

About Exzeo Group