Insider Buying: Exzeo Group (NYSE:XZO) CEO Acquires $29,860.00 in Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel purchased 2,000 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were acquired at an average price of $14.93 per share, for a total transaction of $29,860.00. Following the completion of the acquisition, the chief executive officer directly owned 1,582,013 shares in the company, valued at approximately $23,619,454.09. This represents a 0.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, March 19th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $15.36 per share, with a total value of $30,720.00.
• On Tuesday, March 17th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $15.68 per share, for a total transaction of $31,360.00.

Exzeo Group Stock Performance

Shares of NYSE XZO opened at $14.49 on Thursday. The company has a market capitalization of $1.32 billion and a price-to-earnings ratio of 28.98. Exzeo Group, Inc. has a 12-month low of $12.91 and a 12-month high of $24.60. The business’s fifty day moving average is $17.29.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.12. The company had revenue of $53.32 million during the quarter, compared to analyst estimates of $41.50 million.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. William Blair assumed coverage on Exzeo Group in a research report on Monday, December 1st. They issued an “outperform” rating for the company. Weiss Ratings started coverage on Exzeo Group in a report on Monday, February 2nd. They issued a “hold (c-)” rating on the stock. Citizens Jmp began coverage on Exzeo Group in a report on Monday, December 1st. They set a “market outperform” rating and a $27.00 price objective for the company. Zacks Research raised Exzeo Group to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Wall Street Zen upgraded Exzeo Group from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Institutional Investors Weigh In On Exzeo Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ionic Capital Management LLC acquired a new stake in shares of Exzeo Group in the 4th quarter worth about $328,000. Verition Fund Management LLC bought a new stake in Exzeo Group during the 4th quarter worth approximately $532,000. HRT Financial LP bought a new stake in Exzeo Group during the fourth quarter worth $754,000. Jane Street Group LLC bought a new position in Exzeo Group during the 4th quarter valued at $1,187,000. Finally, Legato Capital Management LLC purchased a new position in Exzeo Group during the 4th quarter worth $1,475,000.

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.