Asset Management One Co. Ltd. Sells 951 Shares of Lemonade, Inc. (NYSE:LMND)

Asset Management One Co. Ltd. lowered its stake in shares of Lemonade, Inc. (NYSE:LMND) by 31.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,036 shares of the company’s stock after selling 951 shares during the period. Asset Management One Co. Ltd.’s holdings in Lemonade were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its holdings in Lemonade by 4.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,640 shares of the company’s stock worth $390,000 after buying an additional 500 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of Lemonade during the 4th quarter valued at about $40,000. Bristlecone Advisors LLC lifted its holdings in shares of Lemonade by 10.2% during the 4th quarter. Bristlecone Advisors LLC now owns 14,577 shares of the company’s stock valued at $535,000 after purchasing an additional 1,348 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Lemonade during the 4th quarter valued at about $67,000. Finally, Blue Trust Inc. lifted its holdings in shares of Lemonade by 220.0% during the 3rd quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after purchasing an additional 1,879 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley upgraded Lemonade from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $23.00 to $42.00 in a report on Wednesday, November 20th. BMO Capital Markets lifted their price objective on Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a report on Thursday, November 21st. Piper Sandler lifted their price objective on Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods cut Lemonade from a “market perform” rating to an “underperform” rating and lifted their price objective for the company from $18.00 to $21.00 in a report on Thursday, November 7th. Finally, JMP Securities lifted their price objective on Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Lemonade currently has an average rating of “Hold” and a consensus target price of $32.67.

Insider Activity at Lemonade

In other Lemonade news, insider John Sheldon Peters sold 28,985 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $38.67, for a total transaction of $1,120,849.95. Following the transaction, the insider now owns 69,508 shares of the company’s stock, valued at $2,687,874.36. The trade was a 29.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Eisenberg sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $40.15, for a total value of $481,800.00. Following the transaction, the director now directly owns 94,670 shares in the company, valued at $3,801,000.50. This trade represents a 11.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 769,657 shares of company stock valued at $33,868,724. 12.50% of the stock is owned by insiders.

Lemonade Stock Performance

Shares of Lemonade stock opened at $33.33 on Friday. The business’s 50 day simple moving average is $35.82 and its 200 day simple moving average is $28.72. Lemonade, Inc. has a 52-week low of $14.03 and a 52-week high of $53.85. The firm has a market cap of $2.38 billion, a PE ratio of -10.96 and a beta of 2.15.

About Lemonade

Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.