Exzeo Group (NYSE:XZO) CEO Acquires $26,520.00 in Stock

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

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 price 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 price of $13.33 per share, with a total value of $26,660.00.
• On Wednesday, May 13th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired at an average price of $13.55 per share, with a total value of $27,100.00.
• On Monday, May 11th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $13.99 per share, with a total value of $27,980.00.
• On Thursday, May 7th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $15.11 per share, with a total value of $30,220.00.
• On Tuesday, May 5th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $17.11 per share, with a total value of $34,220.00.
• On Friday, May 1st, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $16.53 per share, with a total value of $33,060.00.
• On Wednesday, April 29th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $16.22 per share, with a total value of $32,440.00.
• On Monday, April 27th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $16.88 per share, for a total transaction of $33,760.00.
• On Friday, April 24th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $16.21 per share, for a total transaction of $32,420.00.

Exzeo Group Price Performance

Exzeo Group stock traded up $0.26 during trading hours on Wednesday, reaching $13.73. 231,962 shares of the company’s stock traded hands, compared to its average volume of 197,604. Exzeo Group, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $24.60. The company has a market cap of $1.25 billion and a price-to-earnings ratio of 19.07. The business’s 50 day moving average price is $15.01.

Exzeo Group (NYSE:XZO) last released its earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $54.01 million for the quarter, compared to analyst estimates of $55.90 million. On average, analysts forecast that Exzeo Group, Inc. will post 1.01 EPS for the current fiscal year.

Exzeo Group declared that its board has initiated a share repurchase plan on Tuesday, May 26th that allows the company to buyback $12.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Exzeo Group

Several large investors have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in shares of Exzeo Group by 17.4% in the first quarter. Bank of America Corp DE now owns 58,695 shares of the company’s stock worth $861,000 after acquiring an additional 8,695 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Exzeo Group by 13.8% in the first quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock worth $10,317,000 after acquiring an additional 85,126 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Exzeo Group during the first quarter worth about $2,459,000. State of Wyoming bought a new position in shares of Exzeo Group during the first quarter worth about $334,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Exzeo Group during the first quarter worth about $678,000.

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.