Exzeo Group (NYSE:XZO) CEO Buys $32,440.00 in Stock

Key Points

• CEO Paresh Patel purchased 2,000 shares on April 29 at $16.22 and has repeatedly bought 2,000-share tranches throughout April, raising his stake by 0.12% to 1,634,013 shares (≈$26.5M).
• Exzeo trades around $16.24 with a $1.48B market cap and a 32.48 PE; the company reported an earnings beat (Q reported EPS $0.25 vs. $0.13 expected and revenue $53.32M vs. $41.5M) while analysts remain mixed with a consensus "Hold" and an average price target of $26.00.

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel purchased 2,000 shares of Exzeo Group stock in a transaction dated Wednesday, April 29th. The stock was acquired at an average price of $16.22 per share, for a total transaction of $32,440.00. Following the completion of the transaction, the chief executive officer owned 1,634,013 shares in the company, valued at approximately $26,503,690.86. The trade was a 0.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, April 27th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was acquired at an average price of $16.88 per share, for a total transaction of $33,760.00.
• On Friday, April 24th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was acquired 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 stock was purchased at an average price of $16.46 per share, for a total transaction of $32,920.00.
• On Monday, April 20th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was purchased 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 purchased 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 purchased at an average price of $16.43 per share, for a total transaction of $32,860.00.
• On Monday, April 13th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $15.13 per share, for a total transaction of $30,260.00.
• On Friday, April 10th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $15.38 per share, for a total transaction of $30,760.00.
• On Wednesday, April 8th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $15.05 per share, for a total transaction of $30,100.00.
• On Monday, April 6th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $14.26 per share, for a total transaction of $28,520.00.

Exzeo Group Price Performance

NYSE:XZO traded down $0.04 during mid-day trading on Thursday, hitting $16.24. The stock had a trading volume of 112,748 shares, compared to its average volume of 181,146. The stock has a market capitalization of $1.48 billion and a PE ratio of 32.48. The stock's 50 day moving average is $15.57. Exzeo Group, Inc. has a 52 week low of $12.91 and a 52 week high of $24.60.

Exzeo Group (NYSE:XZO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.12. The firm had revenue of $53.32 million during the quarter, compared to the consensus estimate of $41.50 million. Equities research analysts anticipate that Exzeo Group, Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

XZO has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Exzeo Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday. Wall Street Zen upgraded shares of Exzeo Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $26.00.

Institutional Trading of Exzeo Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zimmer Partners LP bought a new stake in shares of Exzeo Group during the 4th quarter worth about $1,819,000. Jane Street Group LLC acquired a new position in shares of Exzeo Group in the 4th quarter worth approximately $1,187,000. HRT Financial LP acquired a new position in shares of Exzeo Group in the 4th quarter worth approximately $754,000. Verition Fund Management LLC acquired a new position in shares of Exzeo Group in the 4th quarter worth approximately $532,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Exzeo Group in the 1st quarter worth approximately $678,000.

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.

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