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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel purchased 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of $13.99 per share, for a total transaction of $27,980.00. Following the purchase, the chief executive officer owned 1,652,013 shares in the company, valued at $23,111,661.87. The trade was a 0.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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, for a total transaction 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, for a total transaction of $34,220.00.
• On Friday, May 1st, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired 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 acquired at an average price of $16.22 per share, for a total transaction of $32,440.00.
• On Monday, April 27th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $16.88 per share, for a total transaction of $33,760.00.
• On Friday, April 24th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $16.21 per share, for a total transaction of $32,420.00.
• On Wednesday, April 22nd, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $16.46 per share, for a total transaction of $32,920.00.
• On Monday, April 20th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $17.48 per share, for a total transaction of $34,960.00.
• On Friday, April 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $16.94 per share, for a total transaction of $33,880.00.
• On Wednesday, April 15th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $16.43 per share, for a total transaction of $32,860.00.

Exzeo Group Trading Down 2.6%

Shares of XZO opened at $13.41 on Thursday. The business’s fifty day simple moving average is $15.40. Exzeo Group, Inc. has a 12 month low of $12.91 and a 12 month high of $24.60. The firm has a market cap of $1.22 billion and a price-to-earnings ratio of 18.62.

Exzeo Group (NYSE:XZO) last issued its earnings results 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 business had revenue of $55.53 million for the quarter, compared to analyst estimates of $55.90 million. Research analysts anticipate that Exzeo Group, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

XZO has been the topic of several recent research reports. Weiss Ratings lowered 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 upgraded shares of Exzeo Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Exzeo Group presently has a consensus rating of “Hold” and a consensus target price of $26.00.

Hedge Funds Weigh In On Exzeo Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in Exzeo Group in the first quarter valued at about $334,000. Y Intercept Hong Kong Ltd acquired a new position in Exzeo Group in the first quarter valued at about $678,000. Zimmer Partners LP acquired a new position in Exzeo Group in the fourth quarter valued at about $1,819,000. Ophir Asset Management Pty Ltd acquired a new position in Exzeo Group in the fourth quarter valued at about $23,907,000. Finally, Millennium Management LLC acquired a new position in Exzeo Group in the fourth quarter valued at about $3,799,000.

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.