Legal & General Group Plc Cuts Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Legal & General Group Plc cut its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,514 shares of the company’s stock after selling 3,463 shares during the quarter. Legal & General Group Plc owned 0.29% of Frontdoor worth $11,946,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Invesco Ltd. increased its holdings in shares of Frontdoor by 7.6% in the 4th quarter. Invesco Ltd. now owns 833,342 shares of the company’s stock valued at $45,559,000 after purchasing an additional 59,025 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Frontdoor by 12.8% during the 4th quarter. Bank of Montreal Can now owns 9,060 shares of the company’s stock worth $495,000 after acquiring an additional 1,031 shares in the last quarter. Aristides Capital LLC grew its holdings in shares of Frontdoor by 24.9% in the 4th quarter. Aristides Capital LLC now owns 5,850 shares of the company’s stock worth $320,000 after acquiring an additional 1,165 shares during the period. Federated Hermes Inc. increased its stake in Frontdoor by 2.1% in the 4th quarter. Federated Hermes Inc. now owns 334,412 shares of the company’s stock valued at $18,282,000 after purchasing an additional 6,850 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Frontdoor by 5.2% during the fourth quarter. Russell Investments Group Ltd. now owns 75,389 shares of the company’s stock worth $4,122,000 after purchasing an additional 3,706 shares during the last quarter.

Frontdoor Price Performance

Frontdoor stock opened at $39.06 on Thursday. The stock has a market capitalization of $2.92 billion, a P/E ratio of 12.93 and a beta of 1.19. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s 50-day moving average is $44.16 and its two-hundred day moving average is $51.48.

Analyst Ratings Changes

FTDR has been the subject of a number of research analyst reports. Truist Financial raised their price target on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group lowered their price target on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.25.

Frontdoor 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.