KBC Group NV Buys New Shares in Lemonade, Inc. (NYSE:LMND)

KBC Group NV bought a new stake in shares of Lemonade, Inc. (NYSE:LMND) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,177 shares of the company’s stock, valued at approximately $80,000.

Several other large investors have also recently bought and sold shares of LMND. Dimensional Fund Advisors LP raised its stake in Lemonade by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 64,665 shares of the company’s stock valued at $1,067,000 after purchasing an additional 5,778 shares during the last quarter. Millennium Management LLC raised its stake in shares of Lemonade by 388.7% in the 2nd quarter. Millennium Management LLC now owns 165,689 shares of the company’s stock valued at $2,734,000 after buying an additional 131,784 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Lemonade by 9.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,194 shares of the company’s stock valued at $482,000 after buying an additional 2,582 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Lemonade in the 3rd quarter valued at $308,000. Finally, Blue Trust Inc. raised its stake in shares of Lemonade by 220.0% in the 3rd 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 in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Lemonade Stock Up 2.4 %

Shares of NYSE:LMND opened at $36.76 on Monday. Lemonade, Inc. has a 12 month low of $14.03 and a 12 month high of $53.85. The company’s 50-day moving average price is $37.52 and its two-hundred day moving average price is $27.71. The firm has a market cap of $2.62 billion, a P/E ratio of -12.09 and a beta of 2.15.

Insiders Place Their Bets

In other news, insider John Sheldon Peters sold 1,790 shares of the firm’s 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 transaction, the insider now owns 88,493 shares of the company’s stock, valued at approximately $4,026,431.50. This trade represents a 1.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Adina Eckstein sold 23,644 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.00, for a total transaction of $1,182,200.00. Following the completion of the transaction, the chief operating officer now directly owns 189,653 shares in the company, valued at $9,482,650. This trade represents a 11.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 846,945 shares of company stock valued at $37,496,684 in the last 90 days. 12.50% of the stock is currently owned by insiders.

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.