Exzeo Group (NYSE:XZO) CEO Paresh Patel Acquires 2,000 Shares of Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel bought 2,000 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was acquired at an average price of $16.94 per share, for a total transaction of $33,880.00. Following the acquisition, the chief executive officer directly owned 1,618,013 shares in the company, valued at $27,409,140.22. This trade represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Paresh Patel also recently made the following trade(s):

• On Wednesday, April 15th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was acquired at an average price of $16.43 per share, for a total transaction of $32,860.00.
• On Monday, April 13th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was acquired at an average price of $15.13 per share, for a total transaction of $30,260.00.
• On Friday, April 10th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $15.38 per share, for a total transaction of $30,760.00.
• On Wednesday, April 8th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $15.05 per share, for a total transaction of $30,100.00.
• On Monday, April 6th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $14.26 per share, for a total transaction of $28,520.00.
• On Wednesday, April 1st, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $14.94 per share, for a total transaction of $29,880.00.
• On Monday, March 23rd, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $14.93 per share, for a total transaction of $29,860.00.
• On Thursday, March 19th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $15.36 per share, with a total value of $30,720.00.
• On Tuesday, March 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $15.68 per share, with a total value of $31,360.00.

Exzeo Group Trading Down 1.2%

Shares of Exzeo Group stock opened at $17.29 on Tuesday. The firm has a market cap of $1.57 billion and a price-to-earnings ratio of 34.58. Exzeo Group, Inc. has a 52-week low of $12.91 and a 52-week high of $24.60. The firm’s 50-day moving average price is $15.44.

Exzeo Group (NYSE:XZO) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.12. The firm had revenue of $53.32 million for the quarter, compared to analyst estimates of $41.50 million. On average, equities research analysts predict that Exzeo Group, Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

XZO has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Exzeo Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings started coverage on Exzeo Group in a research note on Monday, February 2nd. They issued a “hold (c-)” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Institutional Investors Weigh In On Exzeo Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ophir Asset Management Pty Ltd acquired a new stake in shares of Exzeo Group in the fourth quarter worth $23,907,000. Janus Henderson Group PLC bought a new stake in Exzeo Group in the fourth quarter valued at about $14,991,000. Jennison Associates LLC bought a new stake in Exzeo Group in the fourth quarter valued at about $14,096,000. Goldman Sachs Group Inc. bought a new stake in Exzeo Group in the fourth quarter valued at about $12,551,000. Finally, Essex Investment Management Co. LLC bought a new stake in Exzeo Group in the fourth quarter valued at about $7,059,000.

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.