Exzeo Group, Inc. $XZO is Whetstone Capital Advisors LLC’s 9th Largest Position

Whetstone Capital Advisors LLC increased its stake in shares of Exzeo Group, Inc. (NYSE:XZO) by 31.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 541,544 shares of the company’s stock after purchasing an additional 130,191 shares during the period. Exzeo Group makes up 2.4% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Whetstone Capital Advisors LLC’s holdings in Exzeo Group were worth $9,136,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. California State Teachers Retirement System raised its position in Exzeo Group by 320.8% in the 2nd quarter. California State Teachers Retirement System now owns 1,822 shares of the company’s stock valued at $31,000 after purchasing an additional 1,389 shares in the last quarter. Bank of America Corp DE raised its holdings in Exzeo Group by 17.4% in the first quarter. Bank of America Corp DE now owns 58,695 shares of the company’s stock valued at $861,000 after acquiring an additional 8,695 shares in the last quarter. Ionic Capital Management LLC acquired a new stake in Exzeo Group in the fourth quarter valued at approximately $328,000. Engineers Gate Manager LP purchased a new position in Exzeo Group in the second quarter worth approximately $272,000. Finally, Bank of New York Mellon Corp acquired a new position in Exzeo Group during the 2nd quarter worth approximately $287,000.

Exzeo Group Stock Performance

Shares of XZO stock opened at $16.09 on Thursday. The stock’s 50-day moving average is $16.44 and its two-hundred day moving average is $15.42. Exzeo Group, Inc. has a 1 year low of $12.36 and a 1 year high of $24.60. The firm has a market cap of $1.45 billion and a price-to-earnings ratio of 16.42.

Exzeo Group (NYSE:XZO) last posted 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. The business 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 firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, research analysts predict that Exzeo Group, Inc. will post 0.98 EPS for the current year.

Exzeo Group announced that its board has authorized a stock buyback plan on Tuesday, May 26th that permits the company to repurchase $12.00 million in shares. This repurchase authorization permits the company to purchase up to 1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on XZO shares. Zacks Research lowered shares of Exzeo Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings upgraded Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Three equities 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.