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

Key Points

• CEO Paresh Patel bought 2,000 shares of Exzeo Group on May 7 at an average price of $15.11, bringing his direct ownership to 1,646,013 shares worth about $24.9 million.
• This was the latest in a series of recent insider purchases by Patel, who has repeatedly bought 2,000-share lots throughout April and early May at prices ranging from about $15.13 to $17.48.
• Exzeo Group reported better-than-expected quarterly EPS of $0.22 versus estimates of $0.20, while revenue came in slightly below consensus; the stock was trading near $13.48, close to its 52-week low.

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel purchased 2,000 shares of Exzeo Group stock in a transaction dated Thursday, May 7th. The shares were purchased at an average price of $15.11 per share, with a total value of $30,220.00. Following the completion of the transaction, the chief executive officer directly owned 1,646,013 shares in the company, valued at approximately $24,871,256.43. This represents a 0.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, May 5th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $17.11 per share, with a total value of $34,220.00.
• On Friday, May 1st, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $16.53 per share, with a total value of $33,060.00.
• On Wednesday, April 29th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price 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 price 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 price 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 price 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 price 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 price 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 stock was bought at an average price 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 stock was bought at an average price of $15.13 per share, with a total value of $30,260.00.

Exzeo Group Price Performance

NYSE:XZO traded down $0.46 during midday trading on Friday, hitting $13.48. The company had a trading volume of 597,407 shares, compared to its average volume of 194,334. Exzeo Group, Inc. has a 52-week low of $12.91 and a 52-week high of $24.60. The stock has a fifty day simple moving average of $15.61. The firm has a market cap of $1.23 billion and a P/E ratio of 26.96.

Exzeo Group (NYSE:XZO - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $55.53 million during the quarter, compared to analysts' expectations of $55.90 million. On average, sell-side analysts predict that Exzeo Group, Inc. will post 0.89 earnings per share for the current year.

Institutional Trading of Exzeo Group

Several institutional investors have recently added to or reduced their stakes in XZO. Ophir Asset Management Pty Ltd purchased a new stake in Exzeo Group during the fourth quarter valued at about $23,907,000. Janus Henderson Group PLC purchased a new stake in Exzeo Group during the fourth quarter valued at about $14,991,000. Jennison Associates LLC purchased a new stake in Exzeo Group during the fourth quarter valued at about $14,096,000. Goldman Sachs Group Inc. purchased a new stake in Exzeo Group during the fourth quarter valued at about $12,551,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Exzeo Group during the fourth quarter valued at about $7,059,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings lowered 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 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, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Exzeo Group presently has an average rating of "Hold" 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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