Insider Buying: Exzeo Group (NYSE:XZO) CEO Buys $34,220.00 in Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average cost of $17.11 per share, with a total value of $34,220.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,013 shares in the company, valued at approximately $28,094,842.43. The trade was a 0.12% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, May 7th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $15.11 per share, with a total value of $30,220.00.
• On Friday, May 1st, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average price 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 price 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 price 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 price 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 price 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 price 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 price of $16.94 per share, with a total value of $33,880.00.
• On Wednesday, April 15th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $16.43 per share, with a total value of $32,860.00.
• On Monday, April 13th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $15.13 per share, with a total value of $30,260.00.

Exzeo Group Stock Down 3.3%

Shares of Exzeo Group stock opened at $13.48 on Friday. The firm’s 50-day moving average price is $15.61. Exzeo Group, Inc. has a 12 month low of $12.91 and a 12 month high of $24.60. The stock has a market cap of $1.23 billion and a PE ratio of 26.96.

Exzeo Group (NYSE:XZO) last announced its earnings results on Wednesday, May 6th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $55.53 million for the quarter, compared to analysts’ expectations of $55.90 million. Equities research analysts anticipate that Exzeo Group, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

XZO has been the subject of several recent research reports. Weiss Ratings cut Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded Exzeo Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Three 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 a consensus rating of “Hold” and a consensus target price of $26.00.

Hedge Funds Weigh In On Exzeo Group

Several hedge funds and other institutional investors have recently made changes to their positions in XZO. Ophir Asset Management Pty Ltd purchased a new position in shares of Exzeo Group in the 4th quarter valued at about $23,907,000. Janus Henderson Group PLC purchased a new stake in Exzeo Group during the fourth quarter worth approximately $14,991,000. Jennison Associates LLC purchased a new stake in Exzeo Group during the fourth quarter worth approximately $14,096,000. Goldman Sachs Group Inc. purchased a new stake in Exzeo Group during the fourth quarter worth approximately $12,551,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Exzeo Group during the fourth quarter worth approximately $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.