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

Exzeo Group, Inc. (NYSE:XZO - Get Free Report) CEO Paresh Patel acquired 2,000 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $13.26 per share, with a total value of $26,520.00. Following the completion of the purchase, the chief executive officer owned 1,670,013 shares in the company, valued at $22,144,372.38. This represents a 0.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, May 22nd, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The shares were purchased at an average price of $12.92 per share, with a total value of $25,840.00.
• 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, with a total value 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, with a total value 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, with a total value of $27,980.00.
• On Thursday, May 7th, Paresh Patel purchased 2,000 shares of Exzeo Group stock. The stock was bought at an average price of $15.11 per share, with a total value of $30,220.00.
• On Tuesday, May 5th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired 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 stock was acquired at an average price of $16.53 per share, with a total value of $33,060.00.
• On Wednesday, April 29th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired at an average price of $16.22 per share, with a total value of $32,440.00.
• On Monday, April 27th, Paresh Patel acquired 2,000 shares of Exzeo Group stock. The stock was acquired at an average price of $16.88 per share, with a total value of $33,760.00.
• On Friday, April 24th, Paresh Patel purchased 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%

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NYSE:XZO opened at $13.73 on Thursday. The stock's fifty day moving average price is $14.97. Exzeo Group, Inc. has a 52 week low of $12.50 and a 52 week high of $24.60. The firm has a market capitalization of $1.25 billion and a PE ratio of 19.07.

Exzeo Group (NYSE:XZO - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. The firm had revenue of $54.01 million for the quarter, compared to analyst estimates of $55.90 million. As a group, equities analysts predict that Exzeo Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Exzeo Group declared that its board has approved a share repurchase program on Tuesday, May 26th that permits the company to buyback $12.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Institutional Trading of Exzeo Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in Exzeo Group by 17.4% in the first quarter. Bank of America Corp DE now owns 58,695 shares of the company's stock valued at $861,000 after buying an additional 8,695 shares in the last quarter. Janus Henderson Group PLC raised its stake in Exzeo Group by 13.8% in the first quarter. Janus Henderson Group PLC now owns 703,304 shares of the company's stock valued at $10,317,000 after buying an additional 85,126 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Exzeo Group in the first quarter valued at $2,459,000. State of Wyoming acquired a new stake in Exzeo Group in the first quarter valued at $334,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Exzeo Group in the first quarter valued at $678,000.

Analysts Set New Price Targets

A number of research firms have commented on XZO. Weiss Ratings cut Exzeo Group from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, April 29th. Wall Street Zen cut Exzeo Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.00.

Read Our Latest Research Report on Exzeo Group

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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