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

Key Points

• CEO Paresh Patel purchased 2,000 shares on April 22 at $16.46, bringing his direct holdings to 1,624,013 shares valued at about $26.73 million (a 0.12% ownership increase).
• This trade is part of a string of 11 purchases of 2,000 shares each between March 19 and April 22—totaling 22,000 shares—indicating sustained insider buying.
• Exzeo stock traded at $16.40 (down $0.39); the company recently beat EPS and revenue estimates, and analysts have an average rating of “Moderate Buy” with a consensus price target of $26.00 (market cap ~$1.49B, P/E 32.8).

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel bought 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 22nd. The shares were purchased at an average cost of $16.46 per share, with a total value of $32,920.00. Following the acquisition, the chief executive officer directly owned 1,624,013 shares of the company's stock, valued at approximately $26,731,253.98. This trade represents 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 the SEC website.

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

• On Monday, April 20th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $17.48 per share, with a total value of $34,960.00.
• On Friday, April 17th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.94 per share, with a total value of $33,880.00.
• On Wednesday, April 15th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost 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 purchased at an average cost of $15.13 per share, with a total value of $30,260.00.
• On Friday, April 10th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $15.38 per share, with a total value of $30,760.00.
• On Wednesday, April 8th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased 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 purchased at an average cost of $14.26 per share, with a total value of $28,520.00.
• On Wednesday, April 1st, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $14.94 per share, with a total value of $29,880.00.
• On Monday, March 23rd, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $14.93 per share, with a total value of $29,860.00.
• On Thursday, March 19th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $15.36 per share, with a total value of $30,720.00.

Exzeo Group Price Performance

Shares of Exzeo Group stock traded down $0.39 on Thursday, reaching $16.40. 90,213 shares of the stock were exchanged, compared to its average volume of 185,704. Exzeo Group, Inc. has a twelve month low of $12.91 and a twelve month high of $24.60. The company has a market capitalization of $1.49 billion and a price-to-earnings ratio of 32.80. The company has a 50 day simple moving average of $15.47.

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 during the quarter, compared to analyst estimates of $41.50 million. On average, research analysts predict that Exzeo Group, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Ionic Capital Management LLC acquired a new position in shares of Exzeo Group during the 4th quarter worth approximately $328,000. Verition Fund Management LLC acquired a new position in shares of Exzeo Group during the 4th quarter worth approximately $532,000. HRT Financial LP acquired a new position in shares of Exzeo Group during the 4th quarter worth approximately $754,000. Jane Street Group LLC acquired a new position in shares of Exzeo Group during the 4th quarter worth approximately $1,187,000. Finally, Legato Capital Management LLC acquired a new position in shares of Exzeo Group during the 4th quarter worth approximately $1,475,000.

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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