Exzeo Group, Inc. $XZO Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in Exzeo Group, Inc. (NYSE:XZO) by 31.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 107,490 shares of the company’s stock after selling 48,731 shares during the period. Sei Investments Co.’s holdings in Exzeo Group were worth $1,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XZO. Ionic Capital Management LLC purchased a new stake in Exzeo Group during the fourth quarter worth approximately $328,000. State of Wyoming purchased a new position in shares of Exzeo Group in the 1st quarter valued at $334,000. Verition Fund Management LLC purchased a new position in shares of Exzeo Group in the 4th quarter valued at $532,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Exzeo Group during the 1st quarter valued at $678,000. Finally, HRT Financial LP acquired a new position in shares of Exzeo Group during the 4th quarter valued at $754,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XZO. Weiss Ratings reiterated a “sell (d+)” rating on shares of Exzeo Group in a report on Friday, July 24th. Wall Street Zen cut Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research downgraded Exzeo Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.00.

Exzeo Group Price Performance

Shares of XZO stock opened at $15.78 on Tuesday. Exzeo Group, Inc. has a 12 month low of $12.36 and a 12 month high of $24.60. The firm has a market capitalization of $1.43 billion and a P/E ratio of 16.10. The company’s fifty day moving average price is $15.43 and its two-hundred day moving average price is $15.72.

Exzeo Group (NYSE:XZO) last announced its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Exzeo Group had a return on equity of 42.87% and a net margin of 39.14%.The company had revenue of $56.29 million during the quarter. During the same quarter in the prior year, the business earned $0.26 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts anticipate that Exzeo Group, Inc. will post 1.01 EPS for the current year.

Exzeo Group declared that its board has approved 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 repurchase up to 1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Exzeo Group news, CEO Paresh Patel purchased 2,000 shares of Exzeo Group stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $22,170,892.38. This trade represents a 0.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 8,000 shares of company stock valued at $106,120 over the last ninety days. Corporate insiders own 4.00% of the company’s stock.

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.