Exzeo Group (NYSE:XZO) Shares Gap Up Following Insider Buying Activity

Exzeo Group, Inc. (NYSE:XZO)’s stock price gapped up prior to trading on Tuesday after an insider bought additional shares in the company. The stock had previously closed at $15.40, but opened at $16.24. Exzeo Group shares last traded at $16.1350, with a volume of 16,289 shares changing hands.

Specifically, CEO Paresh Patel acquired 2,000 shares of the company’s stock in a transaction on Monday, April 13th. The shares were purchased at an average cost of $15.13 per share, with a total value of $30,260.00. Following the completion of the purchase, the chief executive officer owned 1,610,013 shares of the company’s stock, valued at approximately $24,359,496.69. This represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Paresh Patel acquired 2,000 shares of the company’s stock in a transaction on Friday, April 10th. The stock was acquired at an average cost of $15.38 per share, for a total transaction of $30,760.00. Following the completion of the purchase, the chief executive officer directly owned 1,608,013 shares of the company’s stock, valued at approximately $24,731,239.94. This represents a 0.12% increase in their position. The SEC filing for this purchase provides additional information. In other Exzeo Group news, CEO Paresh Patel acquired 2,000 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were purchased at an average cost of $15.05 per share, with a total value of $30,100.00. Following the completion of the purchase, the chief executive officer owned 1,606,013 shares of the company’s stock, valued at approximately $24,170,495.65. This represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XZO. Weiss Ratings began coverage on shares of Exzeo Group in a research note on Monday, February 2nd. They issued a “hold (c-)” rating on the stock. Wall Street Zen raised shares of Exzeo Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Exzeo Group Stock Up 5.3%

The company’s 50-day moving average price is $15.48. The stock has a market capitalization of $1.47 billion and a P/E ratio of 32.43.

Exzeo Group (NYSE:XZO) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.12. The firm had revenue of $53.32 million for the quarter, compared to the consensus estimate of $41.50 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Zimmer Partners LP bought a new position in shares of Exzeo Group during the fourth quarter valued at about $1,819,000. Ophir Asset Management Pty Ltd bought a new position in shares of Exzeo Group during the fourth quarter valued at about $23,907,000. Millennium Management LLC bought a new position in shares of Exzeo Group during the fourth quarter valued at about $3,799,000. Ionic Capital Management LLC bought a new position in shares of Exzeo Group during the fourth quarter valued at about $328,000. Finally, Janus Henderson Group PLC bought a new position in shares of Exzeo Group during the fourth quarter valued at about $14,991,000.

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.