Insider Buying: Exzeo Group (NYSE:XZO) CEO Purchases $29,880.00 in Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel acquired 2,000 shares of the stock in a transaction on Wednesday, April 1st. The shares were purchased at an average price of $14.94 per share, for a total transaction of $29,880.00. Following the transaction, the chief executive officer directly owned 1,596,013 shares in the company, valued at approximately $23,844,434.22. This trade represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 23rd, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $14.93 per share, for a total transaction of $29,860.00.
• On Thursday, March 19th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.36 per share, for a total transaction of $30,720.00.
• On Tuesday, March 17th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.68 per share, for a total transaction of $31,360.00.

Exzeo Group Price Performance

Shares of NYSE XZO opened at $14.26 on Friday. The company has a market capitalization of $1.30 billion and a P/E ratio of 28.52. Exzeo Group, Inc. has a twelve month low of $12.91 and a twelve month high of $24.60. The business’s fifty day moving average price is $16.22.

Exzeo Group (NYSE:XZO) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.12. The business had revenue of $53.32 million during the quarter, compared to the consensus estimate of $41.50 million.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XZO. Wall Street Zen raised Exzeo Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings initiated coverage on shares of Exzeo Group in a research note on Monday, February 2nd. They issued a “hold (c-)” rating for the company. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.00.

Hedge Funds Weigh In On Exzeo Group

Large investors have recently modified their holdings of the company. Millennium Management LLC acquired a new position in Exzeo Group during the fourth quarter worth $3,799,000. Janus Henderson Group PLC acquired a new stake in shares of Exzeo Group in the 4th quarter worth about $14,991,000. Goldman Sachs Group Inc. bought a new position in Exzeo Group in the 4th quarter valued at about $12,551,000. Essex Investment Management Co. LLC bought a new position in Exzeo Group in the 4th quarter valued at about $7,059,000. Finally, Zimmer Partners LP acquired a new position in Exzeo Group during the 4th quarter valued at about $1,819,000.

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.