Exzeo Group (NYSE:XZO) CEO Acquires $31,360.00 in Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average price of $15.68 per share, for a total transaction of $31,360.00. Following the acquisition, the chief executive officer owned 1,574,013 shares in the company, valued at $24,680,523.84. This trade represents a 0.13% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Exzeo Group Stock Down 5.0%

XZO opened at $14.75 on Friday. Exzeo Group, Inc. has a 12-month low of $12.91 and a 12-month high of $24.60. The stock’s 50 day simple moving average is $17.72. The stock has a market cap of $1.34 billion and a price-to-earnings ratio of 29.50.

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

Institutional Trading of Exzeo Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ionic Capital Management LLC purchased a new position in Exzeo Group in the fourth quarter valued at $328,000. Verition Fund Management LLC purchased a new stake in shares of Exzeo Group during the 4th quarter worth about $532,000. HRT Financial LP purchased a new stake in shares of Exzeo Group during the 4th quarter worth about $754,000. Jane Street Group LLC acquired a new stake in shares of Exzeo Group during the 4th quarter valued at about $1,187,000. Finally, Legato Capital Management LLC acquired a new stake in shares of Exzeo Group during the 4th quarter valued at about $1,475,000.

Analyst Upgrades and Downgrades

XZO has been the topic of several recent research reports. Weiss Ratings started coverage on shares of Exzeo Group in a report on Monday, February 2nd. They issued a “hold (c-)” rating on the stock. Citizens Jmp assumed coverage on Exzeo Group in a report on Monday, December 1st. They issued a “market outperform” rating and a $27.00 price objective for the company. Zacks Research upgraded Exzeo Group to a “hold” rating in a research note on Tuesday, December 2nd. Truist Financial began coverage on Exzeo Group in a report on Monday, December 1st. They set a “buy” rating and a $25.00 target price on the stock. Finally, Wall Street Zen upgraded Exzeo Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.