Insider Buying: Exzeo Group (NYSE:XZO) CEO Acquires 2,000 Shares of Stock

Exzeo Group, Inc. (NYSE:XZO) CEO Paresh Patel acquired 2,000 shares of Exzeo Group stock in a transaction on Monday, March 23rd. The shares were bought at an average cost of $14.93 per share, for a total transaction of $29,860.00. Following the completion of the transaction, the chief executive officer owned 1,582,013 shares in the company, valued at approximately $23,619,454.09. This trade represents a 0.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, March 19th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $15.36 per share, with a total value of $30,720.00.
• On Tuesday, March 17th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was bought at an average cost of $15.68 per share, with a total value of $31,360.00.

Exzeo Group Price Performance

Shares of XZO traded up $0.29 during trading hours on Monday, reaching $15.00. 283,854 shares of the company traded hands, compared to its average volume of 179,848. Exzeo Group, Inc. has a 12 month low of $12.91 and a 12 month high of $24.60. The firm has a fifty day moving average price of $17.72. The stock has a market cap of $1.36 billion and a P/E ratio of 30.00.

Exzeo Group (NYSE:XZO) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Truist Financial assumed coverage on Exzeo Group in a research report on Monday, December 1st. They issued a “buy” rating and a $25.00 target price for the company. Weiss Ratings began coverage on Exzeo Group in a research note on Monday, February 2nd. They issued a “hold (c-)” rating on the stock. William Blair assumed coverage on Exzeo Group in a report on Monday, December 1st. They issued an “outperform” rating for the company. Zacks Research raised Exzeo Group to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Citizens Jmp assumed coverage on shares of Exzeo Group in a report on Monday, December 1st. They set a “market outperform” rating and a $27.00 target price on the stock. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Exzeo Group presently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ophir Asset Management Pty Ltd purchased a new position in Exzeo Group during the fourth quarter valued at $23,907,000. Janus Henderson Group PLC purchased a new stake in shares of Exzeo Group in the fourth quarter worth $14,991,000. Jennison Associates LLC purchased a new stake in shares of Exzeo Group in the fourth quarter worth $14,096,000. Goldman Sachs Group Inc. bought a new position in shares of Exzeo Group during the fourth quarter valued at $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.

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.