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

Key Points

• Paresh Patel made ten separate purchases of 2,000 shares each between March 17 and April 17, totaling 20,000 shares, with the latest buy at $16.94 per share on April 17.
• After the April 17 transaction, Patel directly owns 1,618,013 shares of Exzeo, valued at about $27.41 million, representing a 0.12% increase in his ownership stake.
• Exzeo (NYSE:XZO) traded at $17.29 (down 1.2%) with a market cap of $1.57B and a P/E of 34.58; analysts give an average rating of Moderate Buy with a $26 average price target.

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel acquired 2,000 shares of the firm's stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average cost of $16.94 per share, with a total value of $33,880.00. Following the completion of the transaction, the chief executive officer directly owned 1,618,013 shares in the company, valued at $27,409,140.22. The trade was a 0.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, April 15th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $16.43 per share, with a total value of $32,860.00.
• On Monday, April 13th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.13 per share, for a total transaction of $30,260.00.
• On Friday, April 10th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought 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 price 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 stock was bought at an average cost of $14.26 per share, with a total value of $28,520.00.
• On Wednesday, April 1st, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average price of $14.94 per share, with a total value of $29,880.00.
• On Monday, March 23rd, Paresh Patel acquired 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 bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $15.36 per share, for a total transaction of $30,720.00.
• On Tuesday, March 17th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $15.68 per share, for a total transaction of $31,360.00.

Exzeo Group Trading Down 1.2%

XZO stock traded down $0.21 during midday trading on Monday, reaching $17.29. The stock had a trading volume of 136,719 shares, compared to its average volume of 188,761. The firm has a fifty day simple moving average of $15.43. Exzeo Group, Inc. has a 52-week low of $12.91 and a 52-week high of $24.60. The firm has a market cap of $1.57 billion and a PE ratio of 34.58.

Exzeo Group (NYSE:XZO - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $41.50 million. As a group, research analysts forecast that Exzeo Group, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XZO shares. 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 began coverage on shares of Exzeo Group in a report on Monday, February 2nd. They issued a "hold (c-)" rating on the stock. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Exzeo Group has an average rating of "Moderate Buy" and an average price target of $26.00.

Hedge Funds Weigh In On Exzeo Group

Several institutional investors and hedge funds have recently modified their holdings of XZO. Ophir Asset Management Pty Ltd acquired a new stake in Exzeo Group during the fourth quarter worth about $23,907,000. Janus Henderson Group PLC purchased a new position in Exzeo Group during the fourth quarter valued at approximately $14,991,000. Jennison Associates LLC acquired a new position in Exzeo Group in the fourth quarter valued at approximately $14,096,000. Goldman Sachs Group Inc. purchased a new stake in Exzeo Group in the 4th quarter worth approximately $12,551,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Exzeo Group in the 4th 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.

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