FJ Capital Management LLC Buys Shares of 237,856 Exzeo Group, Inc. $XZO

FJ Capital Management LLC bought a new stake in shares of Exzeo Group, Inc. (NYSE:XZO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 237,856 shares of the company’s stock, valued at approximately $5,768,000.

Other large investors have also modified their holdings of the company. 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. Essex Investment Management Co. LLC purchased a new stake in shares of Exzeo Group in the fourth quarter valued at approximately $7,059,000. Seven Grand Managers LLC purchased a new stake in shares of Exzeo Group in the fourth quarter valued at approximately $3,638,000. Finally, Marshall Wace LLP purchased a new stake in shares of Exzeo Group in the fourth quarter valued at approximately $2,705,000.

Exzeo Group Stock Performance

Shares of NYSE XZO opened at $13.12 on Friday. The stock has a 50 day moving average price of $14.68 and a 200 day moving average price of $17.11. The firm has a market capitalization of $1.19 billion and a price-to-earnings ratio of 18.22. Exzeo Group, Inc. has a 52-week low of $12.36 and a 52-week high of $24.60.

Exzeo Group (NYSE:XZO) last posted its earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates 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. Analysts forecast that Exzeo Group, Inc. will post 1.01 earnings per share for the current year.

Exzeo Group announced that its board has authorized 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 an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on XZO shares. Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings lowered Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Insiders Place Their Bets

In related news, CEO Paresh Patel bought 2,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of $13.26 per share, for a total transaction of $26,520.00. Following the completion of the acquisition, the chief executive officer directly owned 1,672,013 shares in the company, valued at approximately $22,170,892.38. This represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 46,000 shares of company stock worth $706,300 in the last ninety days. 4.00% of the stock is owned by corporate insiders.

About Exzeo Group

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.