Whetstone Capital Advisors LLC Invests $4.48 Million in Exzeo Group, Inc. $XZO

Whetstone Capital Advisors LLC purchased a new position in shares of Exzeo Group, Inc. (NYSE:XZO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 184,753 shares of the company’s stock, valued at approximately $4,480,000. Exzeo Group makes up 1.4% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 17th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Verition Fund Management LLC purchased a new stake in shares of Exzeo Group during the 4th quarter worth about $532,000. HRT Financial LP purchased a new stake in shares of Exzeo Group during the 4th quarter worth about $754,000. Jane Street Group LLC purchased a new stake in shares of Exzeo Group during the 4th quarter worth about $1,187,000. Legato Capital Management LLC purchased a new stake in shares of Exzeo Group during the 4th quarter worth about $1,475,000. Finally, Federated Hermes Inc. purchased a new stake in shares of Exzeo Group during the 4th quarter worth about $2,425,000.

Analyst Upgrades and Downgrades

XZO has been the subject of a number of recent research reports. Wall Street Zen downgraded Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Exzeo Group has a consensus rating of “Hold” and a consensus price target of $26.00.

Exzeo Group Stock Performance

Shares of NYSE XZO opened at $13.12 on Monday. The firm has a market cap of $1.19 billion and a price-to-earnings ratio of 18.22. The business’s 50-day simple moving average is $14.68 and its 200-day simple moving average is $17.11. Exzeo Group, Inc. has a 52 week low of $12.36 and a 52 week high of $24.60.

Exzeo Group (NYSE:XZO) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $54.01 million for the quarter, compared to analyst estimates of $55.90 million. As a group, equities research analysts forecast that Exzeo Group, Inc. will post 1.01 earnings per share for the current year.

Exzeo Group declared that its Board of Directors has approved a share buyback plan on Tuesday, May 26th that authorizes the company to buyback $12.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at Exzeo Group

In related news, CEO Paresh Patel acquired 2,000 shares of the stock in a transaction dated Monday, April 20th. The shares were acquired at an average price of $17.48 per share, with a total value of $34,960.00. Following the acquisition, the chief executive officer owned 1,620,013 shares in the company, valued at approximately $28,317,827.24. The trade was a 0.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders bought 46,000 shares of company stock worth $706,300. Corporate insiders own 4.00% of the company’s stock.

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.