Insider Buying: Exzeo Group (NYSE:XZO) CEO Purchases 2,000 Shares of Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $13.55 per share, with a total value of $27,100.00. Following the transaction, the chief executive officer directly owned 1,654,013 shares of the company’s stock, valued at approximately $22,411,876.15. This represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, May 11th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired at an average cost of $13.99 per share, with a total value of $27,980.00.
• On Thursday, May 7th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired at an average cost of $15.11 per share, with a total value of $30,220.00.
• On Tuesday, May 5th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired 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 stock was acquired at an average cost of $16.53 per share, with a total value of $33,060.00.
• On Wednesday, April 29th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired at an average cost of $16.22 per share, with a total value of $32,440.00.
• On Monday, April 27th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired at an average cost of $16.88 per share, with a total value of $33,760.00.
• On Friday, April 24th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired 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 acquired 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 acquired at an average cost of $17.48 per share, with a total value of $34,960.00.
• On Friday, April 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.94 per share, with a total value of $33,880.00.

Exzeo Group Trading Up 1.1%

XZO traded up $0.15 during trading hours on Thursday, reaching $13.53. 145,365 shares of the stock traded hands, compared to its average volume of 195,116. The business’s fifty day moving average price is $15.40. The firm has a market cap of $1.23 billion and a P/E ratio of 18.79. Exzeo Group, Inc. has a fifty-two week low of $12.91 and a fifty-two week high of $24.60.

Exzeo Group (NYSE:XZO) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $55.53 million for the quarter, compared to analyst estimates of $55.90 million. Analysts predict that Exzeo Group, Inc. will post 1.01 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XZO shares. Weiss Ratings lowered shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Wall Street Zen raised shares of Exzeo Group from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Institutional Investors Weigh In On Exzeo Group

A number of large investors have recently added to or reduced their stakes in XZO. Ophir Asset Management Pty Ltd bought a new position in Exzeo Group during the 4th quarter valued at $23,907,000. Janus Henderson Group PLC acquired a new position in Exzeo Group during the 4th quarter worth $14,991,000. Jennison Associates LLC acquired a new position in Exzeo Group during the 4th quarter worth $14,096,000. Goldman Sachs Group Inc. acquired a new position in Exzeo Group during the 4th quarter worth $12,551,000. Finally, Essex Investment Management Co. LLC acquired a new position in Exzeo Group during the 4th quarter worth $7,059,000.

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.