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

Key Points

• CEO Paresh Patel made a series of insider purchases — eight buys of 2,000 shares each from March 17 to April 13 (16,000 shares total) costing about $241,460 — raising his stake by 0.12% to 1,610,013 shares valued at roughly $24.36 million.
• Exzeo recently reported an earnings beat (Q: $0.25 EPS vs. $0.13 expected; revenue $53.32M vs. $41.5M expected), its stock traded at $16.22, and 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 bought 2,000 shares of the business's stock in a transaction on Monday, April 13th. The shares were acquired at an average price of $15.13 per share, for a total transaction of $30,260.00. Following the completion of the purchase, the chief executive officer owned 1,610,013 shares in the company, valued at approximately $24,359,496.69. The trade was a 0.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, April 10th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $15.38 per share, for a total transaction of $30,760.00.
• On Wednesday, April 8th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.05 per share, for a total transaction of $30,100.00.
• On Monday, April 6th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $14.26 per share, for a total transaction of $28,520.00.
• On Wednesday, April 1st, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $14.94 per share, for a total transaction of $29,880.00.
• On Monday, March 23rd, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $14.93 per share, for a total transaction of $29,860.00.
• On Thursday, March 19th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.36 per share, for a total transaction of $30,720.00.
• On Tuesday, March 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.68 per share, for a total transaction of $31,360.00.

Exzeo Group Price Performance

Shares of NYSE XZO traded up $0.82 during trading on Tuesday, reaching $16.22. 211,094 shares of the company traded hands, compared to its average volume of 191,104. The firm's 50 day moving average price is $15.52. The stock has a market capitalization of $1.47 billion and a PE ratio of 32.43. 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 announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.12. The company had revenue of $53.32 million for the quarter, compared to analysts' expectations of $41.50 million.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Exzeo Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ophir Asset Management Pty Ltd purchased a new position in shares of Exzeo Group in the fourth quarter worth approximately $23,907,000. Janus Henderson Group PLC purchased a new position in shares of Exzeo Group in the fourth quarter worth approximately $14,991,000. Jennison Associates LLC purchased a new position in shares of Exzeo Group in the fourth quarter worth approximately $14,096,000. Goldman Sachs Group Inc. purchased a new position in shares of Exzeo Group in the fourth quarter worth approximately $12,551,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Exzeo Group in the fourth quarter worth approximately $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.

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.