Insider Buying: Exzeo Group (NYSE:XZO) CEO Acquires 2,000 Shares of Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel bought 2,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were bought 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 owned 1,668,013 shares in the company, valued at approximately $21,550,727.96. This trade represents a 0.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, May 20th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was acquired at an average cost of $13.33 per share, for a total transaction of $26,660.00.
• On Wednesday, May 13th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $13.55 per share, with a total value of $27,100.00.
• On Monday, May 11th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired 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 acquired at an average cost of $15.11 per share, with a total value of $30,220.00.
• On Tuesday, May 5th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was bought at an average cost 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 stock was bought at an average price of $16.53 per share, for a total transaction of $33,060.00.
• On Wednesday, April 29th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were 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 stock was bought at an average cost of $16.88 per share, with a total value of $33,760.00.
• On Friday, April 24th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was bought at an average price 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 bought at an average cost of $16.46 per share, for a total transaction of $32,920.00.

Exzeo Group Stock Up 3.6%

Shares of NYSE:XZO traded up $0.47 during trading on Tuesday, hitting $13.44. 347,299 shares of the company were exchanged, compared to its average volume of 197,187. The stock has a 50 day simple moving average of $15.06. The firm has a market cap of $1.22 billion and a P/E ratio of 18.67. Exzeo Group, Inc. has a 1-year low of $12.50 and a 1-year high of $24.60.

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

Analyst Ratings Changes

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

Institutional Trading of Exzeo Group

Institutional investors have recently bought and sold shares of the company. Ionic Capital Management LLC bought a new stake in shares of Exzeo Group during the 4th quarter valued at about $328,000. State of Wyoming acquired a new position in Exzeo Group in the first quarter valued at approximately $334,000. Verition Fund Management LLC bought a new position in shares of Exzeo Group during the 4th quarter worth approximately $532,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Exzeo Group during the 1st quarter worth approximately $678,000. Finally, HRT Financial LP acquired a new stake in shares of Exzeo Group during the 4th quarter worth approximately $754,000.

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.