Exzeo Group (NYSE:XZO) CEO Acquires $27,100.00 in Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel bought 2,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $13.55 per share, for a total transaction of $27,100.00. Following the purchase, the chief executive officer directly owned 1,654,013 shares of the company’s stock, valued at approximately $22,411,876.15. The trade was a 0.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, May 11th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $13.99 per share, with a total value of $27,980.00.
• On Thursday, May 7th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $15.11 per share, with a total value of $30,220.00.
• On Tuesday, May 5th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $17.11 per share, with a total value of $34,220.00.
• On Friday, May 1st, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.53 per share, with a total value of $33,060.00.
• On Wednesday, April 29th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.22 per share, with a total value of $32,440.00.
• On Monday, April 27th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.88 per share, with a total value of $33,760.00.
• On Friday, April 24th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.21 per share, with a total value of $32,420.00.
• On Wednesday, April 22nd, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.46 per share, with a total value of $32,920.00.
• On Monday, April 20th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $17.48 per share, with a total value of $34,960.00.
• On Friday, April 17th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.94 per share, with a total value of $33,880.00.

Exzeo Group Stock Performance

NYSE:XZO opened at $13.61 on Friday. The stock has a market cap of $1.24 billion and a price-to-earnings ratio of 18.90. The company’s 50 day moving average price is $15.32. Exzeo Group, Inc. has a 1-year low of $12.91 and a 1-year high of $24.60.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of XZO. Ophir Asset Management Pty Ltd acquired a new position in shares of Exzeo Group during the 4th quarter worth about $23,907,000. Janus Henderson Group PLC purchased a new stake in shares of Exzeo Group during the fourth quarter worth $14,991,000. Jennison Associates LLC purchased a new stake in shares of Exzeo Group during the fourth quarter worth $14,096,000. Goldman Sachs Group Inc. purchased a new stake in shares of Exzeo Group during the fourth quarter worth $12,551,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Exzeo Group during the fourth quarter worth $7,059,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on XZO shares. Weiss Ratings cut shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Wall Street Zen lowered shares of Exzeo Group from a “buy” rating to a “hold” rating in a research report on Saturday. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.00.

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.