Exzeo Group (NYSE:XZO) CEO Paresh Patel Acquires 2,000 Shares

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel purchased 2,000 shares of Exzeo Group stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $12.92 per share, with a total value of $25,840.00. Following the completion of the acquisition, the chief executive officer directly owned 1,668,013 shares of the company’s stock, valued at approximately $21,550,727.96. This trade represents a 0.12% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, May 20th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $13.33 per share, for a total transaction of $26,660.00.
• On Wednesday, May 13th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $13.55 per share, for a total transaction of $27,100.00.
• On Monday, May 11th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $13.99 per share, for a total transaction of $27,980.00.
• On Thursday, May 7th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was acquired at an average price of $15.11 per share, for a total transaction of $30,220.00.
• On Tuesday, May 5th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought 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 shares were bought at an average price of $16.53 per share, for a total transaction of $33,060.00.
• On Wednesday, April 29th, Paresh Patel bought 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 purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $16.88 per share, for a total transaction of $33,760.00.
• On Friday, April 24th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $16.21 per share, with a total value of $32,420.00.
• On Wednesday, April 22nd, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $16.46 per share, with a total value of $32,920.00.

Exzeo Group Stock Up 3.6%

Shares of Exzeo Group stock traded up $0.47 during mid-day trading on Tuesday, hitting $13.44. 347,299 shares of the stock were exchanged, compared to its average volume of 197,187. The stock has a market capitalization of $1.22 billion and a P/E ratio of 18.67. The firm’s 50-day moving average is $15.06. Exzeo Group, Inc. has a 12 month low of $12.50 and a 12 month high of $24.60.

Exzeo Group (NYSE:XZO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 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 analysts’ expectations of $55.90 million. On average, research analysts predict that Exzeo Group, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Exzeo Group

A number of hedge funds and other institutional investors have recently modified their holdings of XZO. Ionic Capital Management LLC bought a new stake in Exzeo Group in the fourth quarter valued at approximately $328,000. Verition Fund Management LLC purchased a new position in shares of Exzeo Group in the fourth quarter worth $532,000. State of Wyoming purchased a new stake in Exzeo Group during the 1st quarter valued at $334,000. HRT Financial LP bought a new stake in Exzeo Group in the 4th quarter worth $754,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Exzeo Group in the first quarter valued at 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.