Legato Capital Management LLC Takes $1.48 Million Position in Exzeo Group, Inc. $XZO

Legato Capital Management LLC acquired a new stake in Exzeo Group, Inc. (NYSE:XZO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 60,828 shares of the company’s stock, valued at approximately $1,475,000.

Separately, Jennison Associates LLC purchased a new stake in shares of Exzeo Group in the 4th quarter valued at $14,096,000.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. 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 equities 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.00.

Insider Activity at Exzeo Group

In related news, CEO Paresh Patel bought 2,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $13.33 per share, for a total transaction of $26,660.00. Following the completion of the purchase, the chief executive officer directly owned 1,666,013 shares of the company’s stock, valued at $22,207,953.29. 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 accessible through this link. Insiders bought a total of 42,000 shares of company stock valued at $653,940 in the last quarter. 4.00% of the stock is owned by corporate insiders.

Exzeo Group Stock Up 0.7%

Shares of XZO opened at $13.06 on Monday. Exzeo Group, Inc. has a 52 week low of $12.50 and a 52 week high of $24.60. The stock has a market capitalization of $1.19 billion and a P/E ratio of 18.13. The business has a 50-day moving average of $15.10.

Exzeo Group (NYSE:XZO) last issued its earnings results on Wednesday, May 6th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $54.01 million during the quarter, compared to analysts’ expectations of $55.90 million. Equities research analysts expect that Exzeo Group, Inc. will post 1.01 EPS for the current fiscal year.

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.