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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel acquired 2,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of $13.33 per share, with a total value of $26,660.00. Following the acquisition, the chief executive officer directly owned 1,666,013 shares in the company, valued at approximately $22,207,953.29. The trade was a 0.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, May 13th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $13.55 per share, with a total value of $27,100.00.
• On Monday, May 11th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought 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 shares were bought 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 shares were bought 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 shares were purchased at an average price 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 shares were purchased at an average price 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 shares were purchased at an average price 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 shares were purchased at an average price 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 shares were purchased at an average price of $16.46 per share, with a total value of $32,920.00.
• On Monday, April 20th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $17.48 per share, with a total value of $34,960.00.

Exzeo Group Price Performance

NYSE XZO opened at $13.06 on Friday. The stock has a market cap of $1.19 billion and a PE ratio of 18.13. The company’s 50 day moving average price is $15.10. Exzeo Group, Inc. has a 1-year low of $12.50 and a 1-year 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 the consensus estimate of $0.20 by $0.02. The firm had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $55.90 million. Equities analysts predict that Exzeo Group, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on XZO. Weiss Ratings cut Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Wall Street Zen cut Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.00.

Institutional Investors Weigh In On Exzeo Group

Institutional investors have recently modified their holdings of the stock. Jennison Associates LLC bought a new stake in shares of Exzeo Group in the 4th quarter valued at approximately $14,096,000. Verition Fund Management LLC bought a new stake in shares of Exzeo Group in the 4th quarter valued at approximately $532,000. Bank of America Corp DE lifted its stake in shares of Exzeo Group by 17.4% in the 1st quarter. Bank of America Corp DE now owns 58,695 shares of the company’s stock valued at $861,000 after purchasing an additional 8,695 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Exzeo Group in the 1st quarter valued at approximately $2,459,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Exzeo Group by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock valued at $10,317,000 after purchasing an additional 85,126 shares during the last quarter.

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.