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

Key Points

• Paresh Patel, Exzeo Group’s CEO, bought another 2,000 shares on April 15 at $16.43, marking the ninth 2,000‑share purchase since March 17 and bringing his recent insider buys to a total of 18,000 shares; he now directly owns 1,614,013 shares (≈$26.52M), a ~0.12% increase in his position.
• Exzeo (NYSE:XZO) is trading near $16.50 with a market cap of about $1.5B and a P/E of 33; analysts have a consensus rating of Moderate Buy and an average price target of $26.00.

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel acquired 2,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was bought at an average price of $16.43 per share, with a total value of $32,860.00. Following the transaction, the chief executive officer directly owned 1,614,013 shares in the company, valued at approximately $26,518,233.59. This represents a 0.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, April 13th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $15.13 per share, with a total value of $30,260.00.
• On Friday, April 10th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $15.38 per share, with a total value of $30,760.00.
• On Wednesday, April 8th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $15.05 per share, with a total value of $30,100.00.
• On Monday, April 6th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price 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 stock was bought at an average price of $14.94 per share, with a total value of $29,880.00.
• On Monday, March 23rd, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $14.93 per share, with a total value of $29,860.00.
• On Thursday, March 19th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $15.36 per share, with a total value of $30,720.00.
• On Tuesday, March 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $15.68 per share, with a total value of $31,360.00.

Exzeo Group Stock Performance

Shares of NYSE:XZO traded down $0.29 during trading on Thursday, hitting $16.50. 107,185 shares of the company's stock were exchanged, compared to its average volume of 189,880. Exzeo Group, Inc. has a 1-year low of $12.91 and a 1-year high of $24.60. The company's 50-day moving average is $15.45. The company has a market capitalization of $1.50 billion and a price-to-earnings ratio of 33.00.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Zimmer Partners LP acquired a new position in Exzeo Group during the fourth quarter valued at approximately $1,819,000. Ophir Asset Management Pty Ltd bought a new position in Exzeo Group in the fourth quarter valued at approximately $23,907,000. Millennium Management LLC bought a new position in Exzeo Group in the fourth quarter valued at approximately $3,799,000. Ionic Capital Management LLC bought a new position in Exzeo Group in the fourth quarter valued at approximately $328,000. Finally, Janus Henderson Group PLC bought a new position in Exzeo Group in the fourth quarter valued at approximately $14,991,000.

Analysts Set New Price Targets

Several brokerages have recently commented on XZO. Weiss Ratings began coverage on shares of Exzeo Group in a research report on Monday, February 2nd. They set a "hold (c-)" rating for the company. Wall Street Zen upgraded shares of Exzeo Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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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