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Timothy Bixby, Chief Financial Officer of Lemonade, Inc. (NYSE:LMND), sold 5,000 shares of common stock on July 14, 2025, at a price of $38.16, totaling $190,799. The insurance technology company, currently valued at $2.9 billion, has seen its stock surge 77% over the past year, according to InvestingPro data.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction was executed under a Rule 10b5-1 trading plan adopted on December 12, 2024. Following the sale, Bixby directly owns 263,393 shares of Lemonade.
On the same day, Bixby also exercised options to acquire 5,000 shares of Lemonade common stock at an exercise price of $23.69, for a total value of $118,450.
Additionally, the report indicates that Bixby indirectly owns 30,000 shares through the Timothy E. Bixby Family Trust, for which he serves as Co-Trustee and has voting and dispositive control. The stock currently trades at $39.93, showing continued momentum from its strong six-month return of 21%.
In other recent news, Lemonade, Inc. has announced significant changes to its reinsurance agreements, reducing its quota share reinsurance from approximately 55% to 20%, effective July 1. This decision is attributed to improvements in diversification, underwriting capabilities, and loss ratio trajectory. The company expects the variable ceding commission rate to remain similar to previous agreements, while maintaining its primary quota share carriers. Additionally, Lemonade plans to renew other ancillary reinsurance programs on terms consistent with prior agreements. Analysts have responded to these developments, with BMO Capital raising its price target for Lemonade to $23, citing increased premium retention from 45% to 80%. Similarly, Keefe, Bruyette & Woods increased its price target to $26, noting the potential positive impact on earnings due to improved expense ratios. Despite these upgrades, both firms maintain an Underperform rating on the stock, reflecting ongoing concerns about the company’s near-term performance and market conditions. These developments are part of Lemonade’s broader strategy to enhance its financial position and operational efficiency.
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