Principal Financial Group Inc. Has $21.86 Million Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Principal Financial Group Inc. grew its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 399,821 shares of the company’s stock after acquiring an additional 11,854 shares during the quarter. Principal Financial Group Inc. owned 0.53% of Frontdoor worth $21,858,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FTDR. USA Financial Formulas acquired a new position in Frontdoor during the fourth quarter worth about $60,000. TD Private Client Wealth LLC bought a new position in Frontdoor in the 3rd quarter valued at approximately $68,000. Blue Trust Inc. raised its holdings in Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after buying an additional 1,239 shares during the last quarter. Nkcfo LLC bought a new position in Frontdoor in the 4th quarter valued at approximately $96,000. Finally, GAMMA Investing LLC raised its holdings in Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after buying an additional 433 shares during the last quarter.

Analyst Ratings Changes

FTDR has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Truist Financial raised their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.75.

Insider Buying and Selling at Frontdoor

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the sale, the chief operating officer now owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This represents a 76.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kathryn M. Collins sold 25,784 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the sale, the senior vice president now directly owns 9,429 shares of the company’s stock, valued at $547,447.74. This represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $57.10 on Monday. The company has a market capitalization of $4.33 billion, a PE ratio of 18.91 and a beta of 1.08. The company has a 50 day simple moving average of $57.62 and a two-hundred day simple moving average of $53.52. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $63.49.

Frontdoor Company Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.