WINTON GROUP Ltd Invests $1.27 Million in Lemonade, Inc. $LMND

Key Points

• WINTON GROUP acquired a new position of 23,641 shares in Lemonade in Q3 (about $1.27 million), joining other institutions that boosted stakes; hedge funds and institutional investors now own roughly 80.30% of LMND.
• Insider selling has been notable: CEO Daniel Schreiber sold 9,108 shares (avg $99.04) and another insider sold 3,571 shares (avg $52.50), with insiders offloading 160,300 shares (~$14.8M) last quarter while still holding 14.70% of the company.
• Lemonade beat EPS estimates last quarter (‑$0.29 vs. ‑$0.41) and reported revenue up 53.3% YoY, but remains unprofitable (negative ROE/net margin); analysts’ consensus rating is a Hold with a $68.75 average price target.

WINTON GROUP Ltd acquired a new position in shares of Lemonade, Inc. (NYSE:LMND - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,641 shares of the company's stock, valued at approximately $1,266,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LMND. JPMorgan Chase & Co. increased its stake in Lemonade by 30.8% in the third quarter. JPMorgan Chase & Co. now owns 3,506,171 shares of the company's stock valued at $187,685,000 after acquiring an additional 825,522 shares during the last quarter. BIT Capital GmbH lifted its stake in Lemonade by 69.3% during the third quarter. BIT Capital GmbH now owns 1,254,345 shares of the company's stock worth $67,145,000 after purchasing an additional 513,424 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Lemonade by 365.8% in the 2nd quarter. Jump Financial LLC now owns 581,378 shares of the company's stock worth $25,470,000 after purchasing an additional 456,571 shares in the last quarter. Halter Ferguson Financial Inc. boosted its holdings in shares of Lemonade by 101.3% in the 3rd quarter. Halter Ferguson Financial Inc. now owns 575,906 shares of the company's stock worth $30,828,000 after purchasing an additional 289,803 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Lemonade by 255.2% during the 1st quarter. Millennium Management LLC now owns 329,934 shares of the company's stock valued at $10,370,000 after purchasing an additional 237,044 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lemonade

In related news, insider John Sheldon Peters sold 3,571 shares of Lemonade stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $52.50, for a total value of $187,477.50. Following the transaction, the insider directly owned 76,729 shares of the company's stock, valued at $4,028,272.50. The trade was a 4.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel A. Schreiber sold 9,108 shares of the company's stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $99.04, for a total transaction of $902,056.32. Following the sale, the chief executive officer owned 1,514,426 shares of the company's stock, valued at $149,988,751.04. This represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 160,300 shares of company stock valued at $14,796,026 in the last quarter. Corporate insiders own 14.70% of the company's stock.

Wall Street Analyst Weigh In

LMND has been the topic of a number of research reports. Cantor Fitzgerald raised their price objective on Lemonade from $85.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, January 14th. Wolfe Research set a $44.00 target price on Lemonade in a research note on Tuesday, February 24th. Piper Sandler set a $65.00 price target on shares of Lemonade in a research report on Thursday, February 19th. Truist Financial initiated coverage on shares of Lemonade in a research note on Tuesday, January 6th. They set a "buy" rating and a $98.00 price target on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Lemonade from $40.00 to $44.00 and gave the stock an "underperform" rating in a report on Tuesday, February 24th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $68.75.

Lemonade Trading Down 2.5%

Shares of NYSE:LMND opened at $54.06 on Thursday. The stock has a market capitalization of $4.13 billion, a P/E ratio of -23.92 and a beta of 2.12. The stock's 50-day moving average price is $71.20 and its 200-day moving average price is $66.21. Lemonade, Inc. has a 12-month low of $24.31 and a 12-month high of $99.90.

Lemonade (NYSE:LMND - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported ($0.29) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.12. Lemonade had a negative return on equity of 31.19% and a negative net margin of 22.43%.The business's quarterly revenue was up 53.3% on a year-over-year basis. During the same period last year, the firm posted ($0.42) earnings per share. As a group, research analysts predict that Lemonade, Inc. will post -3.03 EPS for the current year.

Lemonade Profile

Lemonade, Inc NYSE: LMND is a New York–based technology-driven insurance carrier that leverages artificial intelligence and behavioral economics to streamline the purchase and management of policies. Founded in 2015, the company offers renters, homeowners, pet, term life and car insurance products tailored for digitally savvy consumers. By automating underwriting and claims processing through chatbots and machine learning, Lemonade aims to deliver a more transparent and user-friendly experience than traditional insurers.

The company's product suite includes standalone policies for renters and homeowners, customizable pet insurance plans, and term life coverage with simple online applications.

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