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

Exzeo Group, Inc. (NYSE:XZO) shares dropped 4.6% during mid-day trading 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 session volume of 197,340 shares. The stock had previously closed at $16.76.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XZO. Zacks Research lowered shares of Exzeo Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. Weiss Ratings upgraded shares of Exzeo Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Finally, Wall Street Zen lowered shares of Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.00.

Exzeo Group Trading Down 2.2%

The company has a market cap of $1.48 billion and a price-to-earnings ratio of 16.70. The firm has a 50-day moving average price of $16.48 and a 200 day moving average price of $15.40.

Exzeo Group (NYSE:XZO) last announced its quarterly earnings data 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 firm had revenue of $56.29 million for the quarter. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%.The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share. Research analysts anticipate that Exzeo Group, Inc. will post 0.98 earnings per share for the current fiscal year.

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

Institutional Investors Weigh In On Exzeo Group

Several institutional investors and hedge funds have recently bought and sold shares of XZO. Ophir Asset Management Pty Ltd bought a new position in Exzeo Group in the fourth quarter worth about $23,907,000. Janus Henderson Group PLC grew its holdings in shares of Exzeo Group by 13.8% during the first quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock valued at $10,317,000 after purchasing an additional 85,126 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Exzeo Group during the 4th quarter worth approximately $12,551,000. Essex Investment Management Co. LLC acquired a new stake in shares of Exzeo Group during the 4th quarter worth approximately $7,059,000. Finally, FJ Capital Management LLC bought a new stake in shares of Exzeo Group in the 4th quarter worth approximately $5,768,000.

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.