Strategic Financial Concepts LLC Invests $2.71 Million in Lemonade, Inc. (NYSE:LMND)

Strategic Financial Concepts LLC bought a new stake in Lemonade, Inc. (NYSE:LMND) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 73,947 shares of the company’s stock, valued at approximately $2,712,000. Strategic Financial Concepts LLC owned about 0.10% of Lemonade at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC bought a new position in shares of Lemonade in the 4th quarter worth about $40,000. Union Bancaire Privee UBP SA acquired a new stake in Lemonade during the fourth quarter worth approximately $67,000. KBC Group NV bought a new stake in Lemonade in the fourth quarter worth approximately $80,000. Blue Trust Inc. lifted its stake in Lemonade by 220.0% in the third quarter. Blue Trust Inc. now owns 2,733 shares of the company’s stock valued at $45,000 after buying an additional 1,879 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Lemonade Price Performance

LMND opened at $36.76 on Monday. The firm has a market capitalization of $2.62 billion, a PE ratio of -12.09 and a beta of 2.15. Lemonade, Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $53.85. The company’s 50-day moving average is $37.52 and its 200 day moving average is $27.71.

Analyst Ratings Changes

LMND has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of Lemonade from $25.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. BMO Capital Markets increased their price objective on shares of Lemonade from $13.00 to $15.00 and gave the stock an “underperform” rating in a research report on Thursday, November 21st. Morgan Stanley upgraded Lemonade from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $23.00 to $42.00 in a research note on Wednesday, November 20th. JMP Securities upped their price target on Lemonade from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Friday, November 22nd. Finally, Keefe, Bruyette & Woods cut Lemonade from a “market perform” rating to an “underperform” rating and raised their price objective for the company from $18.00 to $21.00 in a research note on Thursday, November 7th. Three equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.67.

Insider Transactions at Lemonade

In other news, insider John Sheldon Peters sold 1,790 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $45.50, for a total value of $81,445.00. Following the completion of the sale, the insider now owns 88,493 shares in the company, valued at $4,026,431.50. This represents a 1.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maria Angelidis-Smith purchased 15,042 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average cost of $33.23 per share, for a total transaction of $499,845.66. Following the completion of the transaction, the director now directly owns 33,554 shares of the company’s stock, valued at $1,114,999.42. This represents a 81.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 846,945 shares of company stock valued at $37,496,684 over the last ninety days. 12.50% of the stock is currently owned by insiders.

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.