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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel purchased 2,000 shares of Exzeo Group stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $13.99 per share, with a total value of $27,980.00. Following the acquisition, the chief executive officer directly owned 1,650,013 shares of the company’s stock, valued at $23,083,681.87. This trade represents a 0.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, May 7th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired 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 acquired at an average price of $17.11 per share, with a total value of $34,220.00.
• On Friday, May 1st, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average cost of $16.53 per share, for a total transaction of $33,060.00.
• On Wednesday, April 29th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average cost of $16.22 per share, for a total transaction of $32,440.00.
• On Monday, April 27th, Paresh Patel acquired 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 acquired 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.
• On Wednesday, April 22nd, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $16.46 per share, with a total value of $32,920.00.
• On Monday, April 20th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $17.48 per share, with a total value of $34,960.00.
• On Friday, April 17th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $16.94 per share, with a total value of $33,880.00.
• On Wednesday, April 15th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $16.43 per share, with a total value of $32,860.00.

Exzeo Group Stock Performance

Shares of NYSE:XZO traded down $0.60 during trading on Tuesday, reaching $13.77. 287,009 shares of the stock were exchanged, compared to its average volume of 195,745. Exzeo Group, Inc. has a 12 month low of $12.91 and a 12 month high of $24.60. The company has a market cap of $1.25 billion and a price-to-earnings ratio of 27.55. The company’s 50-day moving average is $15.51.

Exzeo Group (NYSE:XZO) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $55.53 million during the quarter, compared to analyst estimates of $55.90 million. On average, analysts anticipate that Exzeo Group, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

XZO has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Wall Street Zen raised shares of Exzeo Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Three investment 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. According to MarketBeat, Exzeo Group presently has a consensus rating of “Hold” and an average price target of $26.00.

Institutional Trading of Exzeo Group

A number of institutional investors have recently bought and sold shares of the company. Ionic Capital Management LLC bought a new stake in Exzeo Group during the fourth quarter valued at $328,000. Verition Fund Management LLC bought a new position in shares of Exzeo Group during the 4th quarter worth about $532,000. HRT Financial LP bought a new position in shares of Exzeo Group during the 4th quarter worth about $754,000. Y Intercept Hong Kong Ltd bought a new position in shares of Exzeo Group during the 1st quarter worth about $678,000. Finally, Jane Street Group LLC bought a new position in shares of Exzeo Group during the 4th quarter worth about $1,187,000.

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.