Key Points
- CEO Paresh Patel purchased 2,000 shares on April 8 at $15.05 ($30,100), now directly owns 1,604,013 shares (~$24.14M); the trade was executed under a pre-arranged Rule 10b5-1 plan.
- Patel has repeatedly bought shares between March 17 and April 8 (six purchases totaling 12,000 shares) for roughly $180,440, signaling ongoing insider accumulation.
- Exzeo's stock is down ~1.5% (opened $15.59) with a $1.42B market cap and P/E of 31.17, and the company recently reported an earnings beat—EPS $0.25 vs. $0.13 and revenue $53.32M vs. $41.5M—while analysts have a consensus rating of "Moderate Buy" and an average target of $26.00.
Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel purchased 2,000 shares of the company's stock in a transaction dated Wednesday, April 8th. The stock was purchased at an average price of $15.05 per share, for a total transaction of $30,100.00. Following the transaction, the chief executive officer directly owned 1,604,013 shares in the company, valued at approximately $24,140,395.65. This trade represents a 0.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 Monday, April 6th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $14.26 per share, for a total transaction of $28,520.00.
- On Wednesday, April 1st, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $14.94 per share, for a total transaction of $29,880.00.
- On Monday, March 23rd, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $14.93 per share, for a total transaction of $29,860.00.
- On Thursday, March 19th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $15.36 per share, for a total transaction of $30,720.00.
- On Tuesday, March 17th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was purchased at an average price of $15.68 per share, for a total transaction of $31,360.00.
Exzeo Group Stock Down 1.5%
Shares of NYSE XZO opened at $15.59 on Friday. The firm has a market cap of $1.42 billion and a P/E ratio of 31.17. Exzeo Group, Inc. has a 52-week low of $12.91 and a 52-week high of $24.60. The stock has a 50 day moving average price of $15.74.
Exzeo Group (NYSE:XZO - Get Free Report) last issued 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 firm had revenue of $53.32 million during the quarter, compared to analyst estimates of $41.50 million.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Ophir Asset Management Pty Ltd acquired a new position in shares of Exzeo Group during the 4th quarter valued at $23,907,000. Janus Henderson Group PLC acquired a new position in shares of Exzeo Group during the 4th quarter valued at $14,991,000. Jennison Associates LLC acquired a new position in shares of Exzeo Group during the 4th quarter valued at $14,096,000. Goldman Sachs Group Inc. acquired a new position in shares of Exzeo Group during the 4th quarter valued at $12,551,000. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Exzeo Group during the 4th quarter valued at $7,059,000.
Wall Street Analyst Weigh In
XZO has been the topic of a number of recent analyst reports. Weiss Ratings initiated coverage on shares of Exzeo Group in a research report on Monday, February 2nd. They issued a "hold (c-)" rating on the stock. Wall Street Zen upgraded shares of Exzeo Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.00.
Get Our Latest Stock Report on XZO
About Exzeo Group
(
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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