Key Points
- CEO Paresh Patel bought 2,000 shares of Exzeo Group on April 6 at an average cost of $14.26, bringing his stake to 1,600,013 shares valued at about $22.82 million; the transaction was disclosed in an SEC filing and executed under a Rule 10b5-1 plan.
- Multiple recent insider buys — Patel purchased 2,000 shares on Mar 17, Mar 19, Mar 23, Apr 1 and Apr 6, totaling 10,000 shares for roughly $150,340 across those five trades.
- Company and analyst context: Exzeo has a $1.3 billion market cap, recently beat earnings and revenue estimates (Q: $0.25 EPS vs $0.13 est.; revenue $53.32M vs $41.5M est.), and carries a MarketBeat consensus of “Moderate Buy” with an average price target of $26.00.
Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel bought 2,000 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were bought at an average cost of $14.26 per share, with a total value of $28,520.00. Following the completion of the transaction, the chief executive officer owned 1,600,013 shares in the company, valued at $22,816,185.38. The trade was a 0.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Paresh Patel also recently made the following trade(s):
- On Wednesday, April 1st, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $14.94 per share, for a total transaction of $29,880.00.
- On Monday, March 23rd, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $14.93 per share, for a total transaction of $29,860.00.
- On Thursday, March 19th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.36 per share, for a total transaction of $30,720.00.
- On Tuesday, March 17th, Paresh Patel bought 2,000 shares of Exzeo Group stock. The shares were bought at an average cost of $15.68 per share, for a total transaction of $31,360.00.
Exzeo Group Price Performance
Shares of XZO opened at $14.28 on Wednesday. The firm has a market cap of $1.30 billion and a P/E ratio of 28.55. Exzeo Group, Inc. has a 12 month low of $12.91 and a 12 month high of $24.60. The stock's 50-day moving average is $15.95.
Exzeo Group (NYSE:XZO - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $41.50 million.
Analyst Upgrades and Downgrades
Several research firms have issued reports on XZO. Wall Street Zen upgraded shares of Exzeo Group from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Weiss Ratings began coverage on shares of Exzeo Group in a report on Monday, February 2nd. They set a "hold (c-)" rating for the company. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $26.00.
Get Our Latest Stock Analysis on XZO
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Balyasny Asset Management L.P. bought a new position in shares of Exzeo Group in the 4th quarter worth about $2,425,000. HBK Investments L P bought a new position in shares of Exzeo Group in the 4th quarter worth about $1,940,000. Zimmer Partners LP bought a new stake in shares of Exzeo Group in the 4th quarter valued at $1,819,000. Jane Street Group LLC bought a new stake in shares of Exzeo Group in the 4th quarter valued at $1,187,000. Finally, HRT Financial LP bought a new stake in shares of Exzeo Group in the 4th quarter valued at $754,000.
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.
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