Exzeo Group, Inc. (NYSE:XZO – Get Free Report) CEO Paresh Patel purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $12.92 per share, with a total value of $25,840.00. Following the completion of the transaction, the chief executive officer directly owned 1,668,013 shares of the company’s stock, valued at $21,550,727.96. This represents a 0.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Paresh Patel also recently made the following trade(s):
- On Tuesday, May 26th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $13.26 per share, with a total value of $26,520.00.
- On Wednesday, May 20th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $13.33 per share, with a total value of $26,660.00.
- On Wednesday, May 13th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $13.55 per share, with a total value of $27,100.00.
- On Monday, May 11th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $13.99 per share, with a total value of $27,980.00.
- On Thursday, May 7th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $15.11 per share, with a total value of $30,220.00.
- 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.
Exzeo Group Price Performance
Shares of XZO opened at $13.69 on Friday. The stock’s 50 day moving average price is $14.93. The stock has a market capitalization of $1.24 billion and a PE ratio of 19.02. Exzeo Group, Inc. has a one year low of $12.50 and a one year high of $24.60.
Exzeo Group declared that its board has authorized a share buyback program on Tuesday, May 26th that authorizes the company to buyback $12.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Hedge Funds Weigh In On Exzeo Group
Large investors have recently modified their holdings of the business. Jennison Associates LLC acquired a new position in shares of Exzeo Group in the 4th quarter valued at $14,096,000. Seven Grand Managers LLC acquired a new position in shares of Exzeo Group in the 4th quarter valued at $3,638,000. Legato Capital Management LLC acquired a new position in shares of Exzeo Group in the 4th quarter valued at $1,475,000. Janus Henderson Group PLC lifted its stake in shares of Exzeo Group by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock valued at $10,317,000 after purchasing an additional 85,126 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Exzeo Group in the 1st quarter valued at $2,459,000.
Analyst Ratings Changes
A number of equities analysts have weighed in on XZO shares. Weiss Ratings lowered Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.
Check Out Our Latest Analysis on XZO
About Exzeo Group
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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