Insider Buying: Exzeo Group (NYSE:XZO) CEO Acquires $26,660.00 in Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $13.33 per share, for a total transaction of $26,660.00. Following the acquisition, the chief executive officer owned 1,666,013 shares of the company’s stock, valued at $22,207,953.29. This represents a 0.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, May 13th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $13.55 per share, for a total transaction of $27,100.00.
• On Monday, May 11th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $13.99 per share, for a total transaction of $27,980.00.
• On Thursday, May 7th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $15.11 per share, for a total transaction of $30,220.00.
• On Tuesday, May 5th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $17.11 per share, for a total transaction of $34,220.00.
• On Friday, May 1st, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.53 per share, for a total transaction of $33,060.00.
• On Wednesday, April 29th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.22 per share, for a total transaction of $32,440.00.
• On Monday, April 27th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.88 per share, for a total transaction of $33,760.00.
• On Friday, April 24th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.21 per share, for a total transaction of $32,420.00.
• On Wednesday, April 22nd, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.46 per share, for a total transaction of $32,920.00.
• On Monday, April 20th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $17.48 per share, for a total transaction of $34,960.00.

Exzeo Group Stock Performance

Shares of NYSE:XZO opened at $13.06 on Friday. Exzeo Group, Inc. has a 12 month low of $12.50 and a 12 month high of $24.60. The company has a market capitalization of $1.19 billion and a PE ratio of 18.13. The business’s 50 day moving average price is $15.10.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $54.01 million during the quarter, compared to the consensus estimate of $55.90 million. On average, equities analysts predict that Exzeo Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ophir Asset Management Pty Ltd bought a new position in shares of Exzeo Group in the fourth quarter valued at $23,907,000. Janus Henderson Group PLC raised its stake in Exzeo Group by 13.8% during 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 period. Jennison Associates LLC acquired a new stake in Exzeo Group during the 4th quarter valued at $14,096,000. Goldman Sachs Group Inc. acquired a new stake in Exzeo Group during the 4th quarter valued at $12,551,000. Finally, Essex Investment Management Co. LLC acquired a new stake in Exzeo Group during the 4th quarter valued at $7,059,000.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings cut Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Wall Street Zen cut Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.00.

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.