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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel purchased 2,000 shares of the stock in a transaction dated Monday, March 23rd. The stock was acquired at an average price of $14.93 per share, for a total transaction of $29,860.00. Following the completion of the transaction, the chief executive officer directly owned 1,582,013 shares of the company’s stock, valued at approximately $23,619,454.09. The trade was a 0.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, March 19th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were acquired 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 shares were bought at an average price of $15.68 per share, with a total value of $31,360.00.

Exzeo Group Trading Down 1.5%

XZO stock opened at $14.76 on Wednesday. The company has a 50 day moving average of $17.43. The stock has a market cap of $1.34 billion and a price-to-earnings ratio of 29.52. Exzeo Group, Inc. has a 1 year low of $12.91 and a 1 year high of $24.60.

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

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings began coverage on Exzeo Group in a report on Monday, February 2nd. They issued a “hold (c-)” rating for the company. Zacks Research upgraded shares of Exzeo Group to a “hold” rating in a report on Tuesday, December 2nd. 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 target price 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 for the company. Finally, Wall Street Zen raised shares of Exzeo Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Institutional Trading of Exzeo Group

Large investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC purchased a new position in shares of Exzeo Group in the fourth quarter valued at $14,096,000. Legato Capital Management LLC purchased a new stake in Exzeo Group during the 4th quarter worth $1,475,000. Seven Grand Managers LLC acquired a new position in Exzeo Group in the 4th quarter worth $3,638,000. Goldman Sachs Group Inc. purchased a new position in Exzeo Group in the 4th quarter valued at about $12,551,000. Finally, Federated Hermes Inc. purchased a new position in Exzeo Group in the 4th quarter valued at about $2,425,000.

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.