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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were acquired at an average cost of $14.26 per share, with a total value of $28,520.00. Following the completion of the purchase, the chief executive officer directly owned 1,600,013 shares in the company, valued at $22,816,185.38. The trade was a 0.13% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average cost 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 cost 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 cost 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 cost of $15.68 per share, with a total value of $31,360.00.

Exzeo Group Stock Down 0.2%

Shares of XZO stock traded down $0.03 on Tuesday, reaching $14.28. 168,252 shares of the company’s stock were exchanged, compared to its average volume of 192,556. Exzeo Group, Inc. has a 52 week low of $12.91 and a 52 week high of $24.60. The company has a market cap of $1.30 billion and a PE ratio of 28.55. The business has a fifty day moving average of $16.08.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. HBK Investments L P purchased a new position in shares of Exzeo Group in the 4th quarter valued at $1,940,000. Zimmer Partners LP purchased a new position in shares of Exzeo Group in the 4th quarter valued at $1,819,000. Jane Street Group LLC purchased a new position in shares of Exzeo Group in the 4th quarter valued at $1,187,000. HRT Financial LP purchased a new position in shares of Exzeo Group in the 4th quarter valued at $754,000. Finally, Verition Fund Management LLC purchased a new position in Exzeo Group during the 4th quarter worth $532,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on XZO shares. Weiss Ratings started coverage on Exzeo Group in a research report on Monday, February 2nd. They set a “hold (c-)” rating for the company. Wall Street Zen raised Exzeo Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Three equities 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 a consensus rating of “Moderate Buy” 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.