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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel acquired 2,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was acquired at an average price of $15.68 per share, for a total transaction of $31,360.00. Following the acquisition, the chief executive officer owned 1,574,013 shares of the company’s stock, valued at approximately $24,680,523.84. This trade represents a 0.13% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Exzeo Group Trading Down 0.1%

Shares of NYSE XZO traded down $0.02 on Thursday, reaching $15.14. 8,838 shares of the company’s stock traded hands, compared to its average volume of 161,727. The company has a 50 day moving average of $18.00. Exzeo Group, Inc. has a 12 month low of $12.91 and a 12 month high of $24.60. The stock has a market cap of $1.38 billion and a P/E ratio of 30.28.

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

Institutional Investors Weigh In On Exzeo Group

Large investors have recently added to or reduced their stakes in the stock. Ionic Capital Management LLC purchased a new stake in Exzeo Group during the 4th quarter valued at $328,000. Verition Fund Management LLC purchased a new position in shares of Exzeo Group in the 4th quarter worth $532,000. HRT Financial LP bought a new stake in shares of Exzeo Group in the fourth quarter worth $754,000. Jane Street Group LLC bought a new stake in shares of Exzeo Group in the fourth quarter worth $1,187,000. Finally, Legato Capital Management LLC purchased a new stake in Exzeo Group during the fourth quarter valued at $1,475,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. William Blair assumed coverage on Exzeo Group in a research note on Monday, December 1st. They issued an “outperform” rating on the stock. Weiss Ratings initiated coverage on shares of Exzeo Group in a research note on Monday, February 2nd. They issued a “hold (c-)” rating on the stock. Truist Financial initiated coverage on shares of Exzeo Group in a research report on Monday, December 1st. They set a “buy” rating and a $25.00 price objective on the stock. Citizens Jmp began coverage on shares of Exzeo Group in a research note on Monday, December 1st. They set a “market outperform” rating and a $27.00 price objective for the company. Finally, Wall Street Zen raised shares of Exzeo Group from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Exzeo Group presently has an average 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.