Renaissance Technologies LLC Invests $2.46 Million in Exzeo Group, Inc. $XZO

Renaissance Technologies LLC bought a new position in shares of Exzeo Group, Inc. (NYSE:XZOFree Report) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 167,618 shares of the company’s stock, valued at approximately $2,459,000.

Other institutional investors have also recently modified their holdings of the company. Ophir Asset Management Pty Ltd acquired a new position in Exzeo Group in the 4th quarter worth about $23,907,000. Janus Henderson Group PLC acquired a new stake in Exzeo Group in the fourth quarter valued at approximately $14,991,000. Jennison Associates LLC purchased a new stake in shares of Exzeo Group in the fourth quarter valued at approximately $14,096,000. Goldman Sachs Group Inc. purchased a new stake in shares of Exzeo Group in the fourth quarter valued at approximately $12,551,000. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Exzeo Group during the 4th quarter worth approximately $7,059,000.

Insider Transactions at Exzeo Group

In other Exzeo Group news, CEO Paresh Patel bought 2,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was acquired 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 directly owned 1,672,013 shares of the company’s stock, valued at $22,170,892.38. This represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have acquired 8,000 shares of company stock worth $106,120. Insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on XZO

Exzeo Group Price Performance

NYSE XZO opened at $15.78 on Tuesday. The stock’s 50 day simple moving average is $15.43 and its 200-day simple moving average is $15.72. The company has a market cap of $1.43 billion and a PE ratio of 16.10. Exzeo Group, Inc. has a 1-year low of $12.36 and a 1-year high of $24.60.

Exzeo Group (NYSE:XZOGet Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping 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 firm had revenue of $56.29 million during the quarter. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Exzeo Group, Inc. will post 1.01 EPS for the current fiscal year.

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

About Exzeo Group

(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.

See Also

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

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