Exzeo Group, Inc. $XZO is Whetstone Capital Advisors LLC's 9th Largest Position

Key Points

• Whetstone Capital Advisors increased its Exzeo Group stake by 31.6% in the second quarter to 541,544 shares, worth approximately $9.1 million and representing 2.4% of its portfolio.
• Analyst sentiment is mixed: Zacks Research downgraded the stock to “strong sell,” while other firms moved it to “hold.” The overall consensus rating is “Hold,” with a $26 target price.
• Exzeo exceeded quarterly EPS expectations, reporting $0.26 versus $0.24 expected, while revenue rose 3% year over year to $56.29 million. The company also authorized a $12 million share buyback, covering up to 1% of outstanding shares.

Whetstone Capital Advisors LLC raised its holdings in Exzeo Group, Inc. (NYSE:XZO - Free Report) by 31.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 541,544 shares of the company's stock after acquiring an additional 130,191 shares during the period. Exzeo Group makes up approximately 2.4% of Whetstone Capital Advisors LLC's investment portfolio, making the stock its 9th largest position. Whetstone Capital Advisors LLC owned about 0.60% of Exzeo Group worth $9,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ophir Asset Management Pty Ltd acquired a new position in Exzeo Group during the fourth quarter worth $23,907,000. Janus Henderson Group PLC purchased a new stake in shares of Exzeo Group in the fourth quarter valued at about $14,991,000. Goldman Sachs Group Inc. acquired a new stake in Exzeo Group during the fourth quarter worth about $12,551,000. Essex Investment Management Co. LLC acquired a new stake in Exzeo Group during the fourth quarter worth about $7,059,000. Finally, FJ Capital Management LLC purchased a new position in Exzeo Group during the fourth quarter worth about $5,768,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on XZO shares. Zacks Research cut shares of Exzeo Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 26th. Weiss Ratings upgraded Exzeo Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 21st. Finally, Wall Street Zen lowered 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 assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $26.00.

Exzeo Group Stock Performance

Shares of XZO stock opened at $16.09 on Thursday. Exzeo Group, Inc. has a one year low of $12.36 and a one year high of $24.60. The firm's 50 day moving average price is $16.44 and its 200-day moving average price is $15.42. The firm has a market cap of $1.45 billion and a P/E ratio of 16.42.

Exzeo Group (NYSE:XZO - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Exzeo Group had a return on equity of 38.77% and a net margin of 39.14%.The company had revenue of $56.29 million for the quarter. During the same quarter last year, the company earned $0.26 earnings per share. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. As a group, research analysts predict that Exzeo Group, Inc. will post 0.98 EPS for the current fiscal year.

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

Exzeo Group 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.

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