Key Points
- CEO Paresh Patel bought 2,000 shares of Exzeo Group on May 7 at an average price of $15.11, totaling $30,220. After the purchase, he owned 1,646,013 shares worth about $24.87 million.
- Patel has been consistently buying shares throughout April and early May, with multiple 2,000-share purchases at prices mostly in the mid-$15 to high-$17 range.
- Exzeo Group reported better-than-expected quarterly EPS of $0.22 versus $0.20 expected, while analysts currently rate the stock a consensus Hold with an average target price of $26.00.
Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel purchased 2,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $15.11 per share, for a total transaction of $30,220.00. Following the completion of the acquisition, the chief executive officer owned 1,646,013 shares of the company's stock, valued at approximately $24,871,256.43. This represents a 0.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Paresh Patel also recently made the following trade(s):
- On Tuesday, May 5th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost of $17.11 per share, for a total transaction of $34,220.00.
- On Friday, May 1st, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was purchased at an average cost 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 stock was bought 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 stock was bought 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 stock was bought at an average price of $16.21 per share, for a total transaction of $32,420.00.
- On Wednesday, April 22nd, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $16.46 per share, for a total transaction of $32,920.00.
- On Monday, April 20th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $17.48 per share, for a total transaction of $34,960.00.
- On Friday, April 17th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $16.94 per share, for a total transaction of $33,880.00.
- On Wednesday, April 15th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $16.43 per share, for a total transaction of $32,860.00.
- On Monday, April 13th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $15.13 per share, for a total transaction of $30,260.00.
Exzeo Group Stock Performance
XZO stock opened at $13.48 on Friday. The stock has a 50 day moving average of $15.61. The company has a market capitalization of $1.23 billion and a PE ratio of 26.96. Exzeo Group, Inc. has a 1-year low of $12.91 and a 1-year high of $24.60.
Exzeo Group (NYSE:XZO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $55.53 million during the quarter, compared to the consensus estimate of $55.90 million. Equities analysts anticipate that Exzeo Group, Inc. will post 1.01 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
XZO has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Exzeo Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Weiss Ratings cut shares of Exzeo Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, April 29th. Three research 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. According to data from MarketBeat.com, Exzeo Group has a consensus rating of "Hold" and an average target price of $26.00.
Get Our Latest Analysis on XZO
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Ionic Capital Management LLC purchased a new position in shares of Exzeo Group during the fourth quarter worth approximately $328,000. Verition Fund Management LLC purchased a new position in shares of Exzeo Group during the fourth quarter worth approximately $532,000. HRT Financial LP purchased a new position in shares of Exzeo Group during the fourth quarter worth approximately $754,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Exzeo Group during the first quarter worth approximately $678,000. Finally, Jane Street Group LLC purchased a new position in shares of Exzeo Group during the fourth quarter worth approximately $1,187,000.
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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