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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel bought 2,000 shares of the business’s stock in a transaction on Monday, April 13th. The shares were acquired at an average price of $15.13 per share, for a total transaction of $30,260.00. Following the completion of the purchase, the chief executive officer owned 1,610,013 shares in the company, valued at approximately $24,359,496.69. The trade was a 0.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, April 10th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired 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 cost 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 cost 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 cost 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 cost 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 bought at an average cost of $15.36 per share, for a total transaction of $30,720.00.
• On Tuesday, March 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.68 per share, for a total transaction of $31,360.00.

Exzeo Group Price Performance

Shares of NYSE XZO traded up $0.82 during trading on Tuesday, reaching $16.22. 211,094 shares of the company traded hands, compared to its average volume of 191,104. The firm’s 50 day moving average price is $15.52. The stock has a market capitalization of $1.47 billion and a PE ratio of 32.43. Exzeo Group, Inc. has a 52-week low of $12.91 and a 52-week high of $24.60.

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 analysts’ consensus estimates of $0.13 by $0.12. The company had revenue of $53.32 million for the quarter, compared to analysts’ expectations of $41.50 million.

Analyst Ratings Changes

A number of analysts have recently issued reports on XZO shares. Weiss Ratings started coverage on shares of Exzeo Group in a report on Monday, February 2nd. They set 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 report on Saturday, March 7th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Exzeo Group presently has an average rating of “Moderate Buy” and an average price target of $26.00.

Hedge Funds Weigh In On Exzeo Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ophir Asset Management Pty Ltd purchased a new position in shares of Exzeo Group in the fourth quarter worth approximately $23,907,000. Janus Henderson Group PLC purchased a new position in shares of Exzeo Group in the fourth quarter worth approximately $14,991,000. Jennison Associates LLC purchased a new position in shares of Exzeo Group in the fourth quarter worth approximately $14,096,000. Goldman Sachs Group Inc. purchased a new position in shares of Exzeo Group in the fourth quarter worth approximately $12,551,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Exzeo Group in the fourth quarter worth approximately $7,059,000.

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.