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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel acquired 2,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $13.26 per share, with a total value of $26,520.00. Following the transaction, the chief executive officer directly owned 1,670,013 shares in the company, valued at approximately $22,144,372.38. This represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, May 22nd, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired at an average cost of $12.92 per share, with a total value of $25,840.00.
• On Wednesday, May 20th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired at an average cost of $13.33 per share, with a total value of $26,660.00.
• On Wednesday, May 13th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $13.55 per share, with a total value of $27,100.00.
• On Monday, May 11th, Paresh Patel purchased 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 purchased 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 purchased 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 purchased 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 purchased 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 purchased 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 purchased 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.

Exzeo Group Trading Up 2.0%

Shares of XZO opened at $13.73 on Thursday. The stock’s 50-day moving average price is $14.97. Exzeo Group, Inc. has a one year low of $12.50 and a one year high of $24.60. The firm has a market cap of $1.25 billion and a PE ratio of 19.07.

Exzeo Group (NYSE:XZO) last issued its quarterly 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 research analysts predict that Exzeo Group, Inc. will post 1.01 EPS for the current fiscal year.

Exzeo Group announced that its Board of Directors has approved a share buyback program on Tuesday, May 26th that permits the company to buyback $12.00 million in shares. This buyback authorization permits the company to reacquire up to 1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Exzeo Group

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