Insider Buying: Exzeo Group (NYSE:XZO) CEO Buys 2,000 Shares of Stock

Key Points

• Exzeo Group CEO Paresh Patel bought 2,000 shares on May 20 at an average price of $13.33, worth $26,660. After the purchase, he owned 1,664,013 shares valued at about $22.18 million.
• Patel has been repeatedly buying shares throughout April and May, with multiple 2,000-share purchases disclosed in recent SEC filings, signaling sustained insider accumulation.
• Exzeo recently beat earnings expectations with quarterly EPS of $0.22 versus the $0.20 consensus, even as revenue came in below estimates; analysts currently rate the stock a consensus Hold with a $26 average price target.

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel acquired 2,000 shares of Exzeo Group stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average price of $13.33 per share, with a total value of $26,660.00. Following the purchase, the chief executive officer directly owned 1,664,013 shares of the company's stock, valued at approximately $22,181,293.29. This trade represents a 0.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, May 13th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $13.55 per share, with a total value of $27,100.00.
• On Monday, May 11th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $13.99 per share, with a total value of $27,980.00.
• On Thursday, May 7th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $15.11 per share, with a total value of $30,220.00.
• On Tuesday, May 5th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $17.11 per share, with a total value of $34,220.00.
• On Friday, May 1st, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $16.53 per share, with a total value of $33,060.00.
• On Wednesday, April 29th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $16.22 per share, with a total value of $32,440.00.
• On Monday, April 27th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $16.88 per share, with a total value of $33,760.00.
• On Friday, April 24th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $16.21 per share, with a total value of $32,420.00.
• On Wednesday, April 22nd, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $16.46 per share, with a total value of $32,920.00.
• On Monday, April 20th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $17.48 per share, with a total value of $34,960.00.

Exzeo Group Price Performance

Shares of NYSE XZO traded up $0.09 during midday trading on Thursday, hitting $12.93. The company had a trading volume of 234,640 shares, compared to its average volume of 195,698. Exzeo Group, Inc. has a twelve month low of $12.50 and a twelve month high of $24.60. The firm has a 50-day simple moving average of $15.19. The firm has a market cap of $1.18 billion and a price-to-earnings ratio of 17.96.

Exzeo Group (NYSE:XZO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $54.01 million during the quarter, compared to analyst estimates of $55.90 million. Research analysts forecast that Exzeo Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on XZO shares. Weiss Ratings cut shares of Exzeo Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, April 29th. Wall Street Zen cut shares of Exzeo Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Exzeo Group has a consensus rating of "Hold" and an average price target of $26.00.

Hedge Funds Weigh In On Exzeo Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ionic Capital Management LLC acquired a new position in Exzeo Group during the fourth quarter worth about $328,000. Verition Fund Management LLC acquired a new position in shares of Exzeo Group in the fourth quarter valued at approximately $532,000. State of Wyoming acquired a new position in shares of Exzeo Group in the first quarter valued at approximately $334,000. HRT Financial LP acquired a new position in shares of Exzeo Group in the fourth quarter valued at approximately $754,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Exzeo Group in the first quarter valued at 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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