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

Key Points

• CEO Paresh Patel executed a Rule 10b5-1 plan purchase of 2,000 Exzeo shares on April 8 at $15.05, bringing his holdings to 1,604,013 shares and marking part of a string of six recent buys (totaling 12,000 shares) since March 17.
• Exzeo shares traded down to $15.59 (down ~1.5%) on light volume; the company recently beat earnings and revenue—EPS $0.25 vs $0.13 expected and revenue $53.32M vs $41.5M—with a market cap of ~$1.42B and a P/E of 31.17.
• Institutional interest has grown with several hedge funds initiating positions, and analyst sentiment is an average "Moderate Buy" (three Buys, two Holds) 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 Wednesday, April 8th. The shares were purchased at an average cost of $15.05 per share, with a total value of $30,100.00. Following the completion of the acquisition, the chief executive officer owned 1,604,013 shares in the company, valued at $24,140,395.65. This trade represents a 0.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 6th, Paresh Patel acquired 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 acquired 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 acquired 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 acquired 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.
• On Tuesday, March 17th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $15.68 per share, with a total value of $31,360.00.

Exzeo Group Stock Down 1.5%

Shares of NYSE XZO traded down $0.24 during trading hours on Thursday, hitting $15.59. 95,313 shares of the stock were exchanged, compared to its average volume of 192,848. The business's 50 day moving average is $15.85. The stock has a market cap of $1.42 billion and a price-to-earnings ratio of 31.17. Exzeo Group, Inc. has a one year low of $12.91 and a one year high of $24.60.

Exzeo Group (NYSE:XZO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.12. The firm had revenue of $53.32 million for the quarter, compared to the consensus estimate of $41.50 million.

Institutional Trading of Exzeo Group

A number of hedge funds have recently bought and sold shares of XZO. Ionic Capital Management LLC bought a new stake in Exzeo Group in the 4th quarter valued at $328,000. Verition Fund Management LLC bought a new stake in Exzeo Group in the 4th quarter valued at $532,000. HRT Financial LP bought a new stake in Exzeo Group in the 4th quarter valued at $754,000. Jane Street Group LLC bought a new stake in Exzeo Group in the 4th quarter valued at $1,187,000. Finally, Legato Capital Management LLC bought a new stake in Exzeo Group in the 4th quarter valued at $1,475,000.

Analyst Upgrades and Downgrades

A number of analysts have weighed in 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. Weiss Ratings assumed coverage on shares of Exzeo Group in a report on Monday, February 2nd. They issued a "hold (c-)" rating for the company. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.00.

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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