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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel bought 2,000 shares of Exzeo Group stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of $14.93 per share, for a total transaction of $29,860.00. Following the acquisition, the chief executive officer owned 1,582,013 shares in the company, valued at $23,619,454.09. The trade was a 0.13% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, March 19th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was acquired at an average price of $15.36 per share, for a total transaction of $30,720.00.
• On Tuesday, March 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was acquired at an average cost of $15.68 per share, with a total value of $31,360.00.

Exzeo Group Stock Performance

NYSE XZO traded up $0.29 during trading on Monday, hitting $15.00. 283,854 shares of the company’s stock traded hands, compared to its average volume of 179,848. The business’s fifty day moving average price is $17.72. Exzeo Group, Inc. has a 12-month low of $12.91 and a 12-month high of $24.60. The firm has a market cap of $1.36 billion and a price-to-earnings ratio of 30.00.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of XZO. Jennison Associates LLC purchased a new stake in Exzeo Group in the 4th quarter worth approximately $14,096,000. Legato Capital Management LLC bought a new stake in shares of Exzeo Group in the 4th quarter worth approximately $1,475,000. Seven Grand Managers LLC purchased a new position in shares of Exzeo Group during the fourth quarter valued at approximately $3,638,000. Goldman Sachs Group Inc. purchased a new position in shares of Exzeo Group during the fourth quarter valued at approximately $12,551,000. Finally, Federated Hermes Inc. bought a new position in shares of Exzeo Group during the fourth quarter valued at approximately $2,425,000.

Analysts Set New Price Targets

XZO has been the subject of several recent research reports. Weiss Ratings started coverage on Exzeo Group in a research report on Monday, February 2nd. They issued a “hold (c-)” rating for the company. Truist Financial assumed coverage on shares of Exzeo Group in a report on Monday, December 1st. They issued a “buy” rating and a $25.00 target price on the stock. Citizens Jmp initiated coverage on shares of Exzeo Group in a report on Monday, December 1st. They set a “market outperform” rating and a $27.00 price target for the company. Zacks Research raised shares of Exzeo Group to a “hold” rating in a research report on Tuesday, December 2nd. 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.