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

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel acquired 2,000 shares of Exzeo Group stock in a transaction that occurred on Wednesday, April 1st. The stock was acquired at an average price of $14.94 per share, with a total value of $29,880.00. Following the completion of the purchase, the chief executive officer directly owned 1,596,013 shares in the company, valued at $23,844,434.22. This represents a 0.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through 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 shares were bought at an average price 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 stock was bought at an average cost of $15.36 per share, with a total value of $30,720.00.
• On Tuesday, March 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $15.68 per share, with a total value of $31,360.00.

Exzeo Group Stock Performance

Shares of NYSE XZO opened at $14.26 on Friday. Exzeo Group, Inc. has a fifty-two week low of $12.91 and a fifty-two week high of $24.60. The stock has a market capitalization of $1.30 billion and a PE ratio of 28.52. The company has a fifty day moving average of $16.22.

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

Institutional Trading of Exzeo Group

Hedge funds have recently made changes to their positions in the stock. Ophir Asset Management Pty Ltd bought a new position in Exzeo Group in the fourth quarter valued at $23,907,000. Janus Henderson Group PLC purchased a new stake in Exzeo Group during the fourth quarter valued at about $14,991,000. Jennison Associates LLC bought a new stake in Exzeo Group during the fourth quarter worth about $14,096,000. Goldman Sachs Group Inc. bought a new stake in Exzeo Group during the fourth quarter worth about $12,551,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Exzeo Group in the 4th quarter worth about $7,059,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Exzeo Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings assumed coverage on shares of Exzeo Group in a research note on Monday, February 2nd. They issued a “hold (c-)” rating on the stock. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

Exzeo Group Company Profile

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.