Insider Buying: Exzeo Group (NYSE:XZO) CEO Purchases $26,520.00 in Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average price of $13.26 per share, with a total value of $26,520.00. Following the completion of the acquisition, the chief executive officer owned 1,672,013 shares of the company’s stock, valued at approximately $22,170,892.38. The trade was a 0.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, May 22nd, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $12.92 per share, with a total value of $25,840.00.
• On Wednesday, May 20th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $13.33 per share, with a total value of $26,660.00.
• On Wednesday, May 13th, Paresh Patel purchased 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 purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $13.99 per share, with a total value of $27,980.00.
• 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 purchased 2,000 shares of Exzeo Group stock. The shares were acquired at an average price of $16.53 per share, with a total value 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, with a total value of $32,440.00.
• On Monday, April 27th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average price 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 purchased at an average price of $16.21 per share, with a total value of $32,420.00.

Exzeo Group Stock Up 1.9%

Shares of NYSE XZO opened at $13.90 on Friday. The company has a fifty day moving average price of $14.90. The firm has a market capitalization of $1.26 billion and a price-to-earnings ratio of 19.30. Exzeo Group, Inc. has a one year low of $12.50 and a one year high of $24.60.

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

Exzeo Group declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 26th that permits the company to repurchase $12.00 million in shares. This repurchase authorization permits the company to purchase up to 1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Ionic Capital Management LLC acquired a new stake in shares of Exzeo Group in the fourth quarter valued at $328,000. Verition Fund Management LLC acquired a new stake in shares of Exzeo Group in the fourth quarter valued at $532,000. State of Wyoming acquired a new stake in shares of Exzeo Group in the first quarter valued at $334,000. HRT Financial LP acquired a new stake in shares of Exzeo Group in the fourth quarter valued at $754,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Exzeo Group in the first quarter valued at $678,000.

Wall Street Analyst Weigh In

A number of research analysts recently commented on XZO shares. Weiss Ratings lowered Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Wall Street Zen lowered Exzeo Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.