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

Exzeo Group, Inc. (NYSE:XZOGet Free Report) CEO Paresh Patel purchased 2,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $12.92 per share, for a total transaction of $25,840.00. Following the purchase, the chief executive officer directly owned 1,668,013 shares in the company, valued at approximately $21,550,727.96. The trade was a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, May 26th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $13.26 per share, for a total transaction of $26,520.00.
  • On Wednesday, May 20th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $13.33 per share, for a total transaction of $26,660.00.
  • On Wednesday, May 13th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $13.55 per share, for a total transaction of $27,100.00.
  • On Monday, May 11th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $13.99 per share, for a total transaction of $27,980.00.
  • On Thursday, May 7th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $15.11 per share, for a total transaction of $30,220.00.
  • On Tuesday, May 5th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $17.11 per share, for a total transaction 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 price of $16.53 per share, for a total transaction 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 price of $16.22 per share, for a total transaction 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 price of $16.88 per share, for a total transaction 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 price of $16.21 per share, for a total transaction of $32,420.00.

Exzeo Group Stock Up 2.0%

Shares of XZO stock opened at $13.73 on Thursday. The company has a market cap of $1.25 billion and a P/E ratio of 19.07. Exzeo Group, Inc. has a one year low of $12.50 and a one year high of $24.60. The company’s fifty day moving average price is $14.97.

Exzeo Group (NYSE:XZOGet Free Report) last announced 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 $54.01 million for the quarter, compared to the consensus estimate of $55.90 million. As a group, equities analysts expect that Exzeo Group, Inc. will post 1.01 earnings per share for the current year.

Exzeo Group announced that its Board of Directors has approved a stock buyback plan on Tuesday, May 26th that permits the company to buyback $12.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Exzeo Group

Several hedge funds have recently modified their holdings of the company. Jennison Associates LLC purchased a new position in shares of Exzeo Group in the fourth quarter valued at $14,096,000. Legato Capital Management LLC purchased a new stake in Exzeo Group during the fourth quarter valued at $1,475,000. Janus Henderson Group PLC lifted its position in Exzeo Group by 13.8% during the first quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock valued at $10,317,000 after purchasing an additional 85,126 shares during the last quarter. Renaissance Technologies LLC bought a new position in Exzeo Group during the first quarter valued at $2,459,000. Finally, State of Wyoming purchased a new position in shares of Exzeo Group in the 1st quarter worth $334,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XZO. Weiss Ratings cut shares of 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 report on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.00.

Read Our Latest Stock Analysis on XZO

Exzeo Group Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Exzeo Group (NYSE:XZO)

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