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

Key Points

• Paresh Patel purchased 2,000 shares on May 1 at $16.53 as part of a series of April–May insider buys, bringing his stake to 1,638,013 shares valued at about $27.08 million (a 0.12% increase).
• Exzeo (XZO) traded down 1.5% to $16.15, has a market cap of $1.47 billion and a P/E of 32.3, and carries a consensus analyst rating of Hold with an average price target of $26.00 (mixed Buy/Hold/Sell opinions).

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel purchased 2,000 shares of the firm's stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $16.53 per share, with a total value of $33,060.00. Following the completion of the purchase, the chief executive officer owned 1,638,013 shares in the company, valued at $27,076,354.89. This represents a 0.12% increase in their position. The transaction 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 29th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.22 per share, with a total value of $32,440.00.
• On Monday, April 27th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.88 per share, with a total value of $33,760.00.
• On Friday, April 24th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.21 per share, with a total value of $32,420.00.
• On Wednesday, April 22nd, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.46 per share, with a total value of $32,920.00.
• On Monday, April 20th, Paresh Patel purchased 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 purchased 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 purchased 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 purchased 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 purchased 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 acquired 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.05 per share, with a total value of $30,100.00.

Exzeo Group Stock Down 1.5%

Shares of XZO traded down $0.25 during trading hours on Monday, hitting $16.15. 149,804 shares of the company were exchanged, compared to its average volume of 180,375. The company has a market capitalization of $1.47 billion and a P/E ratio of 32.30. The business's fifty day moving average is $15.57. 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 released its quarterly earnings data on Wednesday, February 25th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.12. The company had revenue of $53.32 million for the quarter, compared to the consensus estimate of $41.50 million. Equities analysts anticipate that Exzeo Group, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings lowered Exzeo Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday. Wall Street Zen raised Exzeo Group from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $26.00.

Institutional Trading of Exzeo Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Jennison Associates LLC acquired a new stake in shares of Exzeo Group in the fourth quarter worth $14,096,000. Balyasny Asset Management L.P. acquired a new stake in shares of Exzeo Group in the fourth quarter worth $2,425,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Exzeo Group in the fourth quarter worth $2,063,000. HBK Investments L P acquired a new stake in shares of Exzeo Group in the fourth quarter worth $1,940,000. Finally, Zimmer Partners LP acquired a new stake in shares of Exzeo Group in the fourth quarter worth $1,819,000.

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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