Y Intercept Hong Kong Ltd Makes New Investment in Exzeo Group, Inc. $XZO

Y Intercept Hong Kong Ltd acquired a new stake in shares of Exzeo Group, Inc. (NYSE:XZOFree Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,196 shares of the company’s stock, valued at approximately $678,000. Y Intercept Hong Kong Ltd owned about 0.05% of Exzeo Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in XZO. Ionic Capital Management LLC acquired a new position in Exzeo Group during the 4th quarter valued at about $328,000. Verition Fund Management LLC bought a new position in shares of Exzeo Group in the fourth quarter valued at approximately $532,000. HRT Financial LP purchased a new position in shares of Exzeo Group during the fourth quarter valued at approximately $754,000. Jane Street Group LLC purchased a new position in shares of Exzeo Group during the fourth quarter valued at approximately $1,187,000. Finally, Legato Capital Management LLC bought a new stake in Exzeo Group during the fourth quarter worth $1,475,000.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on XZO

Exzeo Group Stock Up 1.5%

XZO stock opened at $17.29 on Tuesday. The firm has a market cap of $1.57 billion and a PE ratio of 24.02. The business has a 50 day moving average of $14.64 and a 200-day moving average of $16.67. Exzeo Group, Inc. has a 12-month low of $12.36 and a 12-month high of $24.60.

Exzeo Group (NYSE:XZOGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $54.01 million for the quarter, compared to the consensus estimate of $55.90 million. On average, research analysts expect that Exzeo Group, Inc. will post 1.01 earnings per share for the current year.

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

Insider Activity

In other Exzeo Group news, CEO Paresh Patel bought 2,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were bought at an average cost of $13.26 per share, for a total transaction of $26,520.00. Following the purchase, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders acquired 30,000 shares of company stock worth $464,840. Company insiders own 4.00% of the company’s stock.

Exzeo Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exzeo Group (NYSE:XZO)

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