BlackRock Discloses 5.0% Passive Stake in Lemonade Inc.
Ticker: LMND · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1691421
| Field | Detail |
|---|---|
| Company | Lemonade, INC. (LMND) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock owns 5.0% of Lemonade, a bullish signal for the stock.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 29, 2024, that as of December 31, 2023, it beneficially owns 5.0% of Lemonade, Inc.'s Common Stock. This translates to 3,306,444 shares, valued at approximately $66.13 million based on Lemonade's closing price of $20.00 on December 29, 2023. This filing indicates BlackRock's significant, but passive, stake in Lemonade, suggesting confidence in the company's long-term prospects without seeking to influence management.
Why It Matters
This filing shows that a major institutional investor, BlackRock, has a significant stake in Lemonade, which can be seen as a vote of confidence in the company's future.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces perceived risk for other investors.
Analyst Insight
A smart investor would view BlackRock's 5.0% passive stake as a positive signal, suggesting institutional confidence in Lemonade, Inc., and might consider further research into Lemonade's fundamentals.
Key Numbers
- 3,306,444 — Shares Beneficially Owned (Represents BlackRock's total stake in Lemonade, Inc.)
- 5.0% — Percentage of Class (Indicates BlackRock's ownership percentage of Lemonade's Common Stock.)
- December 31, 2023 — Reporting Date (The snapshot date for the ownership information.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Lemonade, Inc. (company) — the subject company whose stock is being reported
- 3,306,444 (dollar_amount) — number of shares beneficially owned by BlackRock
- 5.0% (dollar_amount) — percentage of class beneficially owned by BlackRock
- December 31, 2023 (person) — the date of the event requiring the filing
- January 29, 2024 (person) — the filing date of the SC 13G
Forward-Looking Statements
- BlackRock will maintain its passive stake in Lemonade, Inc. for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
Who filed this SC 13G statement?
This SC 13G statement was filed by BlackRock, Inc., as indicated in the 'FILED BY' section and 'Names of reporting persons' on the cover page.
What company's stock is the subject of this filing?
The subject company for this filing is Lemonade, Inc., as stated under 'SUBJECT COMPANY' and 'Name of Issuer' on the cover page.
What percentage of Lemonade, Inc.'s Common Stock does BlackRock, Inc. beneficially own?
BlackRock, Inc. beneficially owns 5.0% of Lemonade, Inc.'s Common Stock, as reported in the filing.
As of what date is the ownership information reported in this filing?
The ownership information in this filing is reported as of December 31, 2023, which is the 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Lemonade, Inc. is 52567D107, as listed in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 by December 31, 2023 regarding Lemonade, Inc. (LMND).