Rhumbline Advisers Has $1.30 Million Holdings in Lemonade, Inc. (NYSE:LMND)

Rhumbline Advisers cut its holdings in Lemonade, Inc. (NYSE:LMND) by 3.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,834 shares of the company’s stock after selling 2,566 shares during the period. Rhumbline Advisers owned about 0.11% of Lemonade worth $1,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Lemonade by 8.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,938 shares of the company’s stock valued at $1,853,000 after purchasing an additional 9,107 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lemonade in the first quarter valued at approximately $477,000. Trexquant Investment LP acquired a new stake in shares of Lemonade in the fourth quarter valued at approximately $272,000. Tidal Investments LLC acquired a new stake in shares of Lemonade in the first quarter valued at approximately $718,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Lemonade by 18.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,226 shares of the company’s stock valued at $283,000 after purchasing an additional 2,710 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Timothy E. Bixby sold 2,050 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $18.24, for a total transaction of $37,392.00. Following the transaction, the chief financial officer now directly owns 271,552 shares in the company, valued at $4,953,108.48. The sale was disclosed in a filing with the SEC, which is available through this link. 12.50% of the stock is owned by corporate insiders.

Lemonade Trading Down 0.4 %

Shares of LMND opened at $18.34 on Friday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -5.86 and a beta of 1.78. Lemonade, Inc. has a 1-year low of $10.27 and a 1-year high of $24.55. The company’s fifty day simple moving average is $18.68 and its 200 day simple moving average is $17.39.

Lemonade (NYSE:LMND) last issued its earnings results on Tuesday, July 30th. The company reported ($0.81) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.88) by $0.07. The business had revenue of $122.00 million for the quarter, compared to the consensus estimate of $121.77 million. Lemonade had a negative net margin of 44.24% and a negative return on equity of 30.34%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.97) earnings per share. As a group, research analysts forecast that Lemonade, Inc. will post -3.03 earnings per share 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.