Exzeo Group (NYSE:XZO) Shares Down 4.6% – Time to Sell?

Exzeo Group, Inc. (NYSE:XZO) fell 4.6% on Friday . The stock traded as low as $16.52 and last traded at $15.99. Approximately 2,659 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 197,340 shares. The stock had previously closed at $16.76.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of Exzeo Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. Wall Street Zen cut shares of Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings raised shares of 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 assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Exzeo Group presently has a consensus rating of “Hold” and an average target price of $26.00.

Exzeo Group Stock Performance

The firm has a 50 day simple moving average of $16.48 and a two-hundred day simple moving average of $15.40. The stock has a market cap of $1.48 billion and a P/E ratio of 16.70.

Exzeo Group (NYSE:XZO) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The company 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 company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. As a group, equities 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 repurchase program on Tuesday, May 26th that authorizes the company to repurchase $12.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Exzeo Group

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new position in shares of Exzeo Group in the first quarter valued at approximately $2,459,000. Janus Henderson Group PLC raised its holdings in Exzeo Group by 13.8% during the first quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock worth $10,317,000 after purchasing an additional 85,126 shares in the last quarter. Legato Capital Management LLC acquired a new stake in Exzeo Group in the fourth quarter worth approximately $1,475,000. Whetstone Capital Advisors LLC acquired a new stake in Exzeo Group in the fourth quarter worth approximately $4,480,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Exzeo Group during the 1st quarter valued at $678,000.

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.