Jones Financial Companies Lllp Has $215,000 Stock Holdings in Lemonade, Inc. (NYSE:LMND)

Jones Financial Companies Lllp raised its stake in Lemonade, Inc. (NYSE:LMND) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,870 shares of the company’s stock after acquiring an additional 375 shares during the period. Jones Financial Companies Lllp’s holdings in Lemonade were worth $215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LMND. Avior Wealth Management LLC bought a new position in shares of Lemonade in the 4th quarter valued at $40,000. Union Bancaire Privee UBP SA acquired a new position in Lemonade during the 4th quarter worth about $67,000. US Bancorp DE lifted its holdings in Lemonade by 574.5% during the 4th quarter. US Bancorp DE now owns 1,875 shares of the company’s stock worth $69,000 after buying an additional 1,597 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Lemonade by 321.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,462 shares of the company’s stock worth $74,000 after buying an additional 3,403 shares during the period. Finally, KBC Group NV acquired a new position in shares of Lemonade in the 4th quarter valued at about $80,000. Institutional investors own 80.30% of the company’s stock.

Insider Buying and Selling

In related news, insider John Sheldon Peters sold 1,899 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $33.79, for a total value of $64,167.21. Following the transaction, the insider now owns 87,609 shares of the company’s stock, valued at $2,960,308.11. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Softbank Group Capital Ltd sold 7,067 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $43.02, for a total value of $304,022.34. Following the completion of the transaction, the insider now directly owns 10,699,211 shares in the company, valued at approximately $460,280,057.22. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 757,766 shares of company stock worth $33,369,646. Corporate insiders own 12.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Morgan Stanley raised Lemonade from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $23.00 to $42.00 in a research note on Wednesday, November 20th. BMO Capital Markets boosted their price objective on Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a report on Thursday, November 21st. Piper Sandler decreased their price objective on Lemonade from $44.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, JMP Securities boosted their price objective on Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a report on Friday, November 22nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.00.

Lemonade Trading Down 6.5 %

Shares of NYSE LMND opened at $32.63 on Friday. The stock has a fifty day simple moving average of $34.32 and a two-hundred day simple moving average of $30.49. Lemonade, Inc. has a 1-year low of $14.03 and a 1-year high of $53.85. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -10.73 and a beta of 2.12.

Lemonade (NYSE:LMND) last posted its earnings results on Tuesday, February 25th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.19. Lemonade had a negative return on equity of 32.85% and a negative net margin of 43.51%. The firm had revenue of $148.80 million for the quarter, compared to the consensus estimate of $144.78 million. Analysts forecast that Lemonade, Inc. will post -3.03 EPS for the current year.

Lemonade Profile

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.