Exzeo Group (NYSE:XZO) CEO Purchases 2,000 Shares

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel acquired 2,000 shares of Exzeo Group stock in a transaction that occurred on Wednesday, April 1st. The shares were purchased at an average price of $14.94 per share, with a total value of $29,880.00. Following the transaction, the chief executive officer owned 1,596,013 shares of the company’s stock, valued at $23,844,434.22. The trade was a 0.13% increase in their position. The purchase 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 Monday, March 23rd, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $14.93 per share, with a total value of $29,860.00.
• 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 purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.68 per share, with a total value of $31,360.00.

Exzeo Group Stock Down 0.5%

Exzeo Group stock traded down $0.07 during midday trading on Thursday, hitting $14.26. The stock had a trading volume of 195,862 shares, compared to its average volume of 193,637. The stock has a fifty day moving average of $16.50. The stock has a market capitalization of $1.30 billion and a P/E ratio of 28.52. Exzeo Group, Inc. has a 52-week low of $12.91 and a 52-week high of $24.60.

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

Institutional Trading of Exzeo Group

A number of institutional investors have recently bought and sold shares of the stock. Ophir Asset Management Pty Ltd purchased a new position in Exzeo Group during the fourth quarter worth $23,907,000. Janus Henderson Group PLC purchased a new stake in shares of Exzeo Group in the fourth quarter valued at $14,991,000. Jennison Associates LLC purchased a new stake in shares of Exzeo Group in the fourth quarter valued at $14,096,000. Goldman Sachs Group Inc. bought a new stake in shares of Exzeo Group in the 4th quarter worth about $12,551,000. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Exzeo Group in the 4th quarter worth about $7,059,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XZO. Wall Street Zen raised shares of Exzeo Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings assumed coverage on shares of Exzeo Group in a research note 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 given a Hold rating to the company’s stock. According to MarketBeat.com, Exzeo Group presently has an average rating of “Moderate Buy” and an average target price of $26.00.

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.