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 the stock in a transaction dated Thursday, May 7th. The shares were purchased at an average cost of $15.11 per share, with a total value of $30,220.00. Following the completion of the purchase, the chief executive officer owned 1,646,013 shares of the company’s stock, valued at approximately $24,871,256.43. The trade was a 0.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, May 5th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $17.11 per share, with a total value of $34,220.00.
• On Friday, May 1st, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.53 per share, with a total value of $33,060.00.
• On Wednesday, April 29th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.22 per share, with a total value of $32,440.00.
• On Monday, April 27th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.88 per share, with a total value of $33,760.00.
• On Friday, April 24th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.21 per share, with a total value of $32,420.00.
• On Wednesday, April 22nd, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.46 per share, with a total value of $32,920.00.
• On Monday, April 20th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $17.48 per share, with a total value of $34,960.00.
• On Friday, April 17th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.94 per share, with a total value of $33,880.00.
• On Wednesday, April 15th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $16.43 per share, with a total value of $32,860.00.
• On Monday, April 13th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average cost of $15.13 per share, with a total value of $30,260.00.

Exzeo Group Price Performance

Shares of NYSE:XZO traded down $0.46 during midday trading on Friday, hitting $13.48. 597,407 shares of the stock traded hands, compared to its average volume of 194,334. The stock has a market cap of $1.23 billion and a PE ratio of 26.96. The stock’s 50 day simple moving average is $15.61. Exzeo Group, Inc. has a one year low of $12.91 and a one year high of $24.60.

Exzeo Group (NYSE:XZO) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $55.53 million for the quarter, compared to the consensus estimate of $55.90 million. Sell-side analysts expect that Exzeo Group, Inc. will post 0.89 earnings per share for the current year.

Hedge Funds Weigh In On Exzeo Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Ionic Capital Management LLC bought a new position in shares of Exzeo Group during the fourth quarter valued at approximately $328,000. Verition Fund Management LLC bought a new position in shares of Exzeo Group during the fourth quarter valued at approximately $532,000. HRT Financial LP bought a new position in shares of Exzeo Group during the fourth quarter valued at approximately $754,000. Y Intercept Hong Kong Ltd bought a new position in shares of Exzeo Group during the first quarter valued at approximately $678,000. Finally, Jane Street Group LLC bought a new position in shares of Exzeo Group during the fourth quarter valued at approximately $1,187,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XZO. 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 downgraded shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.