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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel purchased 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $13.99 per share, with a total value of $27,980.00. Following the acquisition, the chief executive officer owned 1,650,013 shares in the company, valued at approximately $23,083,681.87. This represents a 0.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, May 7th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $15.11 per share, with a total value of $30,220.00.
• On Tuesday, May 5th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $17.11 per share, with a total value of $34,220.00.
• On Friday, May 1st, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $16.53 per share, with a total value of $33,060.00.
• On Wednesday, April 29th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $16.88 per share, with a total value of $33,760.00.
• On Friday, April 24th, Paresh Patel purchased 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 purchased 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $16.46 per share, with a total value of $32,920.00.
• On Monday, April 20th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $17.48 per share, for a total transaction of $34,960.00.
• On Friday, April 17th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $16.94 per share, for a total transaction of $33,880.00.
• On Wednesday, April 15th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $16.43 per share, for a total transaction of $32,860.00.

Exzeo Group Price Performance

Shares of XZO stock traded down $0.60 during trading hours on Tuesday, hitting $13.77. The company had a trading volume of 287,009 shares, compared to its average volume of 195,745. Exzeo Group, Inc. has a 12 month low of $12.91 and a 12 month high of $24.60. The company has a market cap of $1.25 billion and a price-to-earnings ratio of 27.55. The stock’s fifty day moving average is $15.51.

Exzeo Group (NYSE:XZO) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $55.53 million during the quarter, compared to the consensus estimate of $55.90 million. On average, research analysts expect that Exzeo Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on XZO shares. Wall Street Zen upgraded Exzeo Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings downgraded Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.00.

Institutional Trading of Exzeo Group

Hedge funds have recently added to or reduced their stakes in the business. Ionic Capital Management LLC bought a new position in Exzeo Group during the 4th quarter worth about $328,000. Verition Fund Management LLC bought a new position in shares of Exzeo Group in the 4th quarter valued at about $532,000. Y Intercept Hong Kong Ltd bought a new position in shares of Exzeo Group in the 1st quarter valued at about $678,000. HRT Financial LP bought a new position in shares of Exzeo Group in the 4th quarter valued at about $754,000. Finally, Jane Street Group LLC bought a new position in shares of Exzeo Group in the 4th quarter valued at about $1,187,000.

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.