Exzeo Group (NYSE:XZO) CEO Acquires $33,760.00 in Stock

Key Points

• CEO Paresh Patel bought 2,000 shares on April 27 at $16.88 and, along with ten other purchases in April, acquired a total of 22,000 shares (~$350,320), bringing his stake to 1,630,013 shares valued at about $27.5M (a 0.12% increase).
• XZO traded at $16.66 mid-day with a 50-day average of $15.54 and a market cap of $1.51B; analysts hold a "Moderate Buy" consensus with an average price target of $26.00.

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel purchased 2,000 shares of the stock in a transaction dated Monday, April 27th. The shares were purchased at an average price of $16.88 per share, for a total transaction of $33,760.00. Following the completion of the transaction, the chief executive officer owned 1,630,013 shares in the company, valued at $27,514,619.44. This trade represents a 0.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, April 24th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.21 per share, with a total value of $32,420.00.
• On Wednesday, April 22nd, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.46 per share, for a total transaction of $32,920.00.
• On Monday, April 20th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was acquired at an average price of $17.48 per share, for a total transaction of $34,960.00.
• On Friday, April 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was acquired at an average cost of $16.94 per share, with a total value of $33,880.00.
• On Wednesday, April 15th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $16.43 per share, with a total value of $32,860.00.
• On Monday, April 13th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired at an average cost of $15.13 per share, for a total transaction of $30,260.00.
• On Friday, April 10th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was acquired at an average price of $15.38 per share, for a total transaction of $30,760.00.
• On Wednesday, April 8th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average cost of $15.05 per share, with a total value of $30,100.00.
• On Monday, April 6th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $14.26 per share, with a total value of $28,520.00.
• On Wednesday, April 1st, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was acquired at an average price of $14.94 per share, for a total transaction of $29,880.00.

Exzeo Group Stock Performance

XZO stock traded up $0.32 during mid-day trading on Tuesday, reaching $16.66. 133,186 shares of the stock traded hands, compared to its average volume of 183,142. Exzeo Group, Inc. has a 52-week low of $12.91 and a 52-week high of $24.60. The stock has a fifty day moving average of $15.54. The stock has a market capitalization of $1.51 billion and a P/E ratio of 33.33.

Exzeo Group (NYSE:XZO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.12. The business had revenue of $53.32 million for the quarter, compared to analyst estimates of $41.50 million. Research analysts forecast that Exzeo Group, Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Exzeo Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Weiss Ratings initiated coverage on Exzeo Group in a report on Monday, February 2nd. They set a "hold (c-)" rating on the stock. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Exzeo Group currently has an average rating of "Moderate Buy" and an average target price of $26.00.

Hedge Funds Weigh In On Exzeo Group

Hedge funds have recently made changes to their positions in the business. Ionic Capital Management LLC acquired a new position in shares of Exzeo Group in the 4th quarter worth approximately $328,000. Verition Fund Management LLC acquired a new stake in Exzeo Group in the 4th quarter valued at $532,000. Y Intercept Hong Kong Ltd bought a new stake in Exzeo Group in the first quarter valued at $678,000. HRT Financial LP acquired a new position in Exzeo Group during the fourth quarter worth $754,000. Finally, Jane Street Group LLC acquired a new position in Exzeo Group during the fourth quarter worth $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.