Exzeo Group (NYSE:XZO) CEO Buys $30,720.00 in Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel bought 2,000 shares of Exzeo Group stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average price of $15.36 per share, with a total value of $30,720.00. Following the purchase, the chief executive officer owned 1,578,013 shares of the company’s stock, valued at $24,238,279.68. This trade represents a 0.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, March 23rd, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $14.93 per share, for a total transaction of $29,860.00.
• On Tuesday, March 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $15.68 per share, for a total transaction of $31,360.00.

Exzeo Group Stock Performance

Exzeo Group stock traded up $0.29 during trading hours on Monday, hitting $15.00. The stock had a trading volume of 283,854 shares, compared to its average volume of 179,848. The company’s 50-day simple moving average is $17.72. Exzeo Group, Inc. has a fifty-two week low of $12.91 and a fifty-two week high of $24.60. The stock has a market cap of $1.36 billion and a P/E ratio of 30.00.

Exzeo Group (NYSE:XZO) last announced 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 firm had revenue of $53.32 million for the quarter, compared to analyst estimates of $41.50 million.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citizens Jmp assumed coverage on shares of Exzeo Group in a report on Monday, December 1st. They issued a “market outperform” rating and a $27.00 price target on the stock. William Blair began coverage on shares of Exzeo Group in a research report on Monday, December 1st. They set an “outperform” rating on the stock. Weiss Ratings assumed coverage on shares of Exzeo Group in a research note on Monday, February 2nd. They issued a “hold (c-)” rating on the stock. Truist Financial began coverage on shares of Exzeo Group in a research report on Monday, December 1st. They issued a “buy” rating and a $25.00 price target for the company. Finally, Wall Street Zen upgraded shares of Exzeo Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Institutional Investors Weigh In On Exzeo Group

Hedge funds have recently made changes to their positions in the company. Ionic Capital Management LLC bought a new stake in Exzeo Group during the fourth quarter worth about $328,000. Alden Global Capital LLC bought a new position in shares of Exzeo Group in the fourth quarter valued at approximately $2,971,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Exzeo Group in the fourth quarter valued at approximately $2,063,000. HBK Investments L P acquired a new position in shares of Exzeo Group in the 4th quarter worth approximately $1,940,000. Finally, Verition Fund Management LLC acquired a new position in shares of Exzeo Group in the 4th quarter worth approximately $532,000.

Exzeo Group Company Profile

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.