Seven Grand Managers LLC Makes New Investment in Exzeo Group, Inc. $XZO

Seven Grand Managers LLC acquired 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 acquired 150,000 shares of the company’s stock, valued at approximately $3,638,000.

Separately, Jennison Associates LLC acquired a new stake in Exzeo Group during the 4th quarter worth approximately $14,096,000.

Exzeo Group Stock Up 2.0%

Exzeo Group stock opened at $13.73 on Thursday. The stock’s 50 day moving average is $14.97. The firm has a market cap of $1.25 billion and a PE ratio of 19.07. Exzeo Group, Inc. has a twelve month low of $12.50 and a twelve month high of $24.60.

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

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings cut Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Wall Street Zen cut Exzeo Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Insider Activity at Exzeo Group

In other Exzeo Group news, CEO Paresh Patel purchased 2,000 shares of Exzeo Group stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $13.26 per share, with a total value of $26,520.00. Following the acquisition, the chief executive officer directly owned 1,670,013 shares of the company’s stock, valued at $22,144,372.38. This represents a 0.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders purchased 46,000 shares of company stock valued at $706,300. 4.00% of the stock is owned by company 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.