Exzeo Group (NYSE:XZO) CEO Paresh Patel Purchases 2,000 Shares of Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were purchased at an average cost of $14.26 per share, with a total value of $28,520.00. Following the transaction, the chief executive officer directly owned 1,600,013 shares of the company’s stock, valued at $22,816,185.38. This trade represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $14.94 per share, with a total value of $29,880.00.
• On Monday, March 23rd, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased 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 shares were acquired 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 acquired at an average price of $15.68 per share, with a total value of $31,360.00.

Exzeo Group Stock Down 0.2%

NYSE XZO opened at $14.28 on Wednesday. The business’s fifty day simple moving average is $15.95. Exzeo Group, Inc. has a fifty-two week low of $12.91 and a fifty-two week high of $24.60. The company has a market capitalization of $1.30 billion and a PE ratio of 28.55.

Exzeo Group (NYSE:XZO) last released its earnings results 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 for the quarter, compared to the consensus estimate of $41.50 million.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Ionic Capital Management LLC bought a new position in shares of Exzeo Group in the 4th quarter valued at $328,000. Verition Fund Management LLC bought a new position in shares of Exzeo Group in the 4th quarter valued at $532,000. HRT Financial LP bought a new position in shares of Exzeo Group in the 4th quarter valued at $754,000. Jane Street Group LLC bought a new position in shares of Exzeo Group in the 4th quarter valued at $1,187,000. Finally, Legato Capital Management LLC bought a new position in Exzeo Group in the 4th quarter valued at approximately $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.