Exzeo Group, Inc. (NYSE:XZO – Get Free Report) CEO Paresh Patel acquired 2,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $13.26 per share, for a total transaction of $26,520.00. Following the completion of the purchase, the chief executive officer directly owned 1,672,013 shares of the company’s stock, valued at approximately $22,170,892.38. This represents a 0.12% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Paresh Patel also recently made the following trade(s):
- On Friday, May 22nd, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired at an average cost of $12.92 per share, for a total transaction of $25,840.00.
- On Wednesday, May 20th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $13.33 per share, with a total value of $26,660.00.
- On Wednesday, May 13th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $13.55 per share, with a total value of $27,100.00.
- On Monday, May 11th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $13.99 per share, with a total value of $27,980.00.
- On Thursday, May 7th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $15.11 per share, with a total value of $30,220.00.
- On Tuesday, May 5th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $17.11 per share, with a total value of $34,220.00.
- On Friday, May 1st, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $16.53 per share, with a total value of $33,060.00.
- On Wednesday, April 29th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $16.22 per share, with a total value of $32,440.00.
- On Monday, April 27th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $16.88 per share, with a total value of $33,760.00.
- On Friday, April 24th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $16.21 per share, with a total value of $32,420.00.
Exzeo Group Stock Performance
Shares of XZO stock opened at $13.69 on Friday. The firm has a 50-day moving average price of $14.93. The stock has a market capitalization of $1.24 billion and a P/E ratio of 19.02. Exzeo Group, Inc. has a one year low of $12.50 and a one year high of $24.60.
Exzeo Group announced that its Board of Directors has approved a stock buyback plan on Tuesday, May 26th that permits the company to repurchase $12.00 million in shares. This repurchase authorization permits the company to buy up to 1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Exzeo Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Exzeo Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.00.
Read Our Latest Analysis on Exzeo Group
Institutional Trading of Exzeo Group
A number of large investors have recently added to or reduced their stakes in XZO. Ophir Asset Management Pty Ltd purchased a new position in shares of Exzeo Group in the fourth quarter worth about $23,907,000. Janus Henderson Group PLC increased its stake in shares of Exzeo Group by 13.8% in the first quarter. Janus Henderson Group PLC now owns 703,304 shares of the company’s stock worth $10,317,000 after purchasing an additional 85,126 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Exzeo Group in the fourth quarter worth about $14,096,000. Goldman Sachs Group Inc. purchased a new position in shares of Exzeo Group in 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 fourth quarter worth about $7,059,000.
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.
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