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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel acquired 2,000 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $12.92 per share, for a total transaction of $25,840.00. Following the transaction, the chief executive officer directly owned 1,668,013 shares in the company, valued at approximately $21,550,727.96. This trade represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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 purchased at an average price of $13.33 per share, for a total transaction of $26,660.00.
• On Wednesday, May 13th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price 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 purchased at an average price of $13.99 per share, for a total transaction of $27,980.00.
• On Thursday, May 7th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased 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 purchased at an average price of $17.11 per share, for a total transaction of $34,220.00.
• On Friday, May 1st, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $16.53 per share, for a total transaction of $33,060.00.
• On Wednesday, April 29th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $16.22 per share, for a total transaction of $32,440.00.
• On Monday, April 27th, Paresh Patel acquired 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 shares were purchased at an average price of $16.21 per share, for a total transaction of $32,420.00.
• On Wednesday, April 22nd, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $16.46 per share, for a total transaction of $32,920.00.

Exzeo Group Stock Up 3.6%

XZO stock opened at $13.44 on Wednesday. The company has a market cap of $1.22 billion and a PE ratio of 18.67. The stock’s fifty day moving average price is $15.01. Exzeo Group, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $24.60.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $54.01 million for the quarter, compared to the consensus estimate of $55.90 million. Equities research analysts expect that Exzeo Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Exzeo Group announced that its board has initiated a stock repurchase program on Tuesday, May 26th that authorizes the company to buyback $12.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

XZO has been the topic of several analyst reports. Weiss Ratings lowered Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Exzeo Group presently has an average rating of “Hold” and an average price target of $26.00.

Institutional Trading of Exzeo Group

Several large investors have recently modified their holdings of XZO. Ophir Asset Management Pty Ltd acquired a new stake in shares of Exzeo Group during the 4th quarter worth $23,907,000. Janus Henderson Group PLC acquired a new stake in Exzeo Group in the fourth quarter valued at about $14,991,000. Jennison Associates LLC acquired a new stake in Exzeo Group in the fourth quarter valued at about $14,096,000. Goldman Sachs Group Inc. acquired a new stake in Exzeo Group in the fourth quarter valued at about $12,551,000. Finally, Essex Investment Management Co. LLC acquired a new stake in Exzeo Group in the fourth quarter valued at about $7,059,000.

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.