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Lemonade, Inc. (NYSE:LMND) Chief Financial Officer Timothy E. Bixby sold 11,000 shares of common stock on July 7, 2025, for a total of $466,400. The shares were sold in two transactions at prices ranging from $42.28 to $42.50. For deeper insights into insider trading patterns and their significance, InvestingPro offers comprehensive analysis tools and a detailed Pro Research Report covering what really matters about Lemonade’s financial health.
On the same day, Bixby also exercised options to acquire 11,000 shares of Lemonade common stock at a price of $23.69, for a total value of $260,590.
Following these transactions, Bixby directly owns 263,393 shares of Lemonade. Bixby also indirectly owns 30,000 shares held by the Timothy E. Bixby Family Trust.
In other recent news, Lemonade, Inc. has announced a significant reduction in its quota share reinsurance, decreasing from approximately 55% to 20% effective July 1. This change, part of its annual reinsurance program renewal, is attributed to improvements in diversification and underwriting capabilities. The company expects the variable ceding commission rate to remain similar to previous agreements. These new reinsurance agreements will be in effect for a standard 12-month term and cover all Lemonade businesses globally. BMO Capital has raised its price target for Lemonade to $23, acknowledging the company’s increased premium retention rate, which has risen to 80% from 45%. Similarly, Keefe, Bruyette & Woods increased its price target to $26, citing the reinsurance shift as a factor likely to improve earnings through better expense ratios. Despite these adjustments, both BMO Capital and KBW maintain an Underperform rating on Lemonade. The company continues to work with top reinsurers while aiming to improve margins and maintain a capital-light structure.
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