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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel bought 2,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $13.33 per share, for a total transaction of $26,660.00. Following the transaction, the chief executive officer owned 1,664,013 shares of the company’s stock, valued at $22,181,293.29. This trade represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, May 13th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $13.55 per share, for a total transaction of $27,100.00.
• On Monday, May 11th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $13.99 per share, for a total transaction of $27,980.00.
• On Thursday, May 7th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.11 per share, for a total transaction of $30,220.00.
• On Tuesday, May 5th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $17.11 per share, for a total transaction of $34,220.00.
• On Friday, May 1st, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $16.53 per share, for a total transaction of $33,060.00.
• On Wednesday, April 29th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $16.22 per share, for a total transaction of $32,440.00.
• On Monday, April 27th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $16.88 per share, for a total transaction of $33,760.00.
• On Friday, April 24th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $16.21 per share, for a total transaction of $32,420.00.
• On Wednesday, April 22nd, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $16.46 per share, for a total transaction of $32,920.00.
• On Monday, April 20th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $17.48 per share, for a total transaction of $34,960.00.

Exzeo Group Trading Up 0.7%

Shares of XZO stock opened at $12.93 on Friday. The stock’s fifty day moving average price is $15.15. The firm has a market capitalization of $1.18 billion and a P/E ratio of 17.96. Exzeo Group, Inc. has a 12 month low of $12.50 and a 12 month high of $24.60.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on XZO shares. Wall Street Zen downgraded shares of Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of XZO. Ionic Capital Management LLC purchased a new position in shares of Exzeo Group during the 4th quarter worth approximately $328,000. State of Wyoming purchased a new stake in Exzeo Group in the 1st quarter worth approximately $334,000. Verition Fund Management LLC purchased a new stake in Exzeo Group in the 4th quarter worth approximately $532,000. Y Intercept Hong Kong Ltd purchased a new stake in Exzeo Group in the 1st quarter worth approximately $678,000. Finally, HRT Financial LP purchased a new stake in Exzeo Group in the 4th quarter worth approximately $754,000.

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.