Whetstone Capital Advisors LLC Invests $4.48 Million in Exzeo Group, Inc. $XZO

Whetstone Capital Advisors LLC purchased a new position in Exzeo Group, Inc. (NYSE:XZO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 184,753 shares of the company’s stock, valued at approximately $4,480,000. Exzeo Group makes up 1.4% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Whetstone Capital Advisors LLC owned 0.20% of Exzeo Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of XZO. Jennison Associates LLC bought a new position in shares of Exzeo Group in the fourth quarter worth $14,096,000. Goldman Sachs Group Inc. bought a new position in shares of Exzeo Group in the fourth quarter worth $12,551,000. Essex Investment Management Co. LLC bought a new position in shares of Exzeo Group in the fourth quarter worth $7,059,000. FJ Capital Management LLC bought a new position in shares of Exzeo Group in the fourth quarter worth $5,768,000. Finally, Seven Grand Managers LLC bought a new position in shares of Exzeo Group in the fourth quarter worth $3,638,000.

Insider Transactions at Exzeo Group

In other Exzeo Group news, CEO Paresh Patel acquired 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 purchase, the chief executive officer owned 1,672,013 shares in the company, valued at approximately $22,170,892.38. The trade was a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders bought 46,000 shares of company stock valued at $706,300. 4.00% of the stock is currently owned by corporate insiders.

Exzeo Group Stock Up 0.1%

Shares of NYSE XZO opened at $13.12 on Monday. Exzeo Group, Inc. has a 12 month low of $12.36 and a 12 month high of $24.60. The company has a market cap of $1.19 billion and a price-to-earnings ratio of 18.22. The business has a fifty day simple moving average of $14.68 and a 200-day simple moving average of $17.11.

Exzeo Group (NYSE:XZO) last announced 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 analysts’ expectations of $55.90 million. As a group, sell-side analysts expect that Exzeo Group, Inc. will post 1.01 EPS for the current fiscal 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 shares. This buyback authorization permits the company to repurchase up to 1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently issued reports on XZO. Wall Street Zen cut Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings cut Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Exzeo Group currently has a consensus rating of “Hold” and an average target price of $26.00.

Exzeo Group 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.