Empower Advisory Group LLC Sells 4,912 Shares of Lemonade, Inc. (NYSE:LMND)

Empower Advisory Group LLC decreased its holdings in Lemonade, Inc. (NYSE:LMND) by 42.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,676 shares of the company’s stock after selling 4,912 shares during the period. Empower Advisory Group LLC’s holdings in Lemonade were worth $245,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. State Street Corp grew its stake in shares of Lemonade by 1.2% in the third quarter. State Street Corp now owns 1,233,662 shares of the company’s stock worth $20,343,000 after purchasing an additional 14,028 shares during the last quarter. Landscape Capital Management L.L.C. lifted its holdings in Lemonade by 17.6% in the third quarter. Landscape Capital Management L.L.C. now owns 321,882 shares of the company’s stock valued at $5,308,000 after buying an additional 48,260 shares during the period. FMR LLC lifted its holdings in Lemonade by 93.0% in the third quarter. FMR LLC now owns 318,321 shares of the company’s stock valued at $5,249,000 after buying an additional 153,362 shares during the period. GSA Capital Partners LLP lifted its holdings in Lemonade by 31.0% in the third quarter. GSA Capital Partners LLP now owns 180,916 shares of the company’s stock valued at $2,983,000 after buying an additional 42,822 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Lemonade in the third quarter valued at $1,571,000. Institutional investors own 80.30% of the company’s stock.

Insider Transactions at Lemonade

In other news, Director Michael A. Eisenberg sold 12,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $40.15, for a total transaction of $481,800.00. Following the completion of the sale, the director now directly owns 94,670 shares of the company’s stock, valued at $3,801,000.50. The trade was a 11.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Sheldon Peters sold 28,985 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 69,508 shares of the company’s stock, valued at $2,687,874.36. The trade was a 29.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 769,657 shares of company stock valued at $33,868,724 over the last three months. Corporate insiders own 12.50% of the company’s stock.

Lemonade Price Performance

NYSE:LMND opened at $36.47 on Thursday. The firm has a 50-day moving average of $36.09 and a 200-day moving average of $28.56. The company has a market cap of $2.60 billion, a PE ratio of -12.00 and a beta of 2.15. Lemonade, Inc. has a one year low of $14.03 and a one year high of $53.85.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LMND shares. Morgan Stanley upgraded shares of Lemonade from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $23.00 to $42.00 in a report on Wednesday, November 20th. BMO Capital Markets boosted their target price on shares of Lemonade from $13.00 to $15.00 and gave the company an “underperform” rating in a report on Thursday, November 21st. JMP Securities boosted their target price on shares of Lemonade from $40.00 to $60.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. 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 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 price objective for the company 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 assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Lemonade currently has a consensus rating of “Hold” and an average price target of $32.67.

Lemonade Company 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.