Exzeo Group (NYSE:XZO) CEO Acquires $29,880.00 in Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were purchased at an average cost of $14.94 per share, for a total transaction of $29,880.00. Following the completion of the acquisition, the chief executive officer owned 1,596,013 shares in the company, valued at $23,844,434.22. This represents a 0.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 23rd, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was acquired at an average cost of $14.93 per share, with a total value of $29,860.00.
• On Thursday, March 19th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was bought at an average cost of $15.36 per share, with a total value of $30,720.00.
• On Tuesday, March 17th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $15.68 per share, with a total value of $31,360.00.

Exzeo Group Trading Down 0.5%

Shares of NYSE XZO traded down $0.07 during mid-day trading on Thursday, hitting $14.26. The stock had a trading volume of 195,862 shares, compared to its average volume of 193,637. The business’s 50 day moving average price is $16.50. Exzeo Group, Inc. has a 1 year low of $12.91 and a 1 year high of $24.60. The stock has a market capitalization of $1.30 billion and a price-to-earnings ratio of 28.52.

Exzeo Group (NYSE:XZO) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.12. The business had revenue of $53.32 million during the quarter, compared to analysts’ expectations of $41.50 million.

Institutional Trading of Exzeo Group

A number of institutional investors have recently made changes to their positions in XZO. Jennison Associates LLC bought a new stake in shares of Exzeo Group in the fourth quarter worth approximately $14,096,000. Legato Capital Management LLC purchased a new position in shares of Exzeo Group during the fourth quarter valued at approximately $1,475,000. Seven Grand Managers LLC bought a new position in Exzeo Group during the fourth quarter valued at approximately $3,638,000. Goldman Sachs Group Inc. bought a new position in Exzeo Group during the fourth quarter valued at approximately $12,551,000. Finally, Federated Hermes Inc. purchased a new stake in Exzeo Group in the fourth quarter worth approximately $2,425,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XZO. Wall Street Zen raised Exzeo Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings started coverage on Exzeo Group in a research report on Monday, February 2nd. They set a “hold (c-)” rating for the company. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Exzeo Group presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

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.