Quinn Opportunity Partners LLC Takes Position in Root, Inc.

The investment firm purchased 40,000 shares of the auto insurance startup's stock in the third quarter.

Mar. 14, 2026 at 8:56am

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Quinn Opportunity Partners LLC, an investment firm, purchased a new stake of 40,000 shares in Root, Inc. (NASDAQ:ROOT) during the third quarter, according to a recent SEC filing. Root is an auto insurance company based in Columbus, Ohio that uses mobile technology and data analytics to offer personalized policies.

Why it matters

Root's usage-based insurance model and focus on individual driving behavior rather than broad demographic factors has made it an interesting player in the auto insurance industry. The investment by Quinn Opportunity Partners suggests the firm sees potential in Root's approach, though the stock has faced volatility recently.

The details

According to the SEC filing, Quinn Opportunity Partners purchased the 40,000 shares of Root stock, valued at approximately $3.58 million. This represents a 0.26% ownership stake in the company. Root went public in 2020 and has seen its stock price fluctuate significantly, trading between a 52-week high of $181.14 and a low of $42.65.

Quinn Opportunity Partners made the stock purchase in the third quarter of 2025.

The players