New Vernon Capital Holdings II LLC Has $9.43 Million Holdings in Frontdoor Inc. $FTDR

Key Points

• New Vernon Capital Holdings II LLC significantly increased its stake in Frontdoor Inc. by 3,742.0%, acquiring an additional 238,964 shares, bringing its total ownership to 245,350 shares valued at approximately $9.4 million.
• Several institutional investors including Boston Partners and Fuller & Thaler Asset Management also boosted their holdings in Frontdoor during the first quarter, demonstrating increased interest from the investment community.
• Frontdoor's stock has received mixed analyst ratings, with target prices being adjusted by firms such as JPMorgan and Truist, while it reported a strong earnings performance with $1.63 EPS, outperforming expectations.

New Vernon Capital Holdings II LLC lifted its position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 3,742.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 245,350 shares of the company's stock after purchasing an additional 238,964 shares during the period. New Vernon Capital Holdings II LLC owned 0.33% of Frontdoor worth $9,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of Frontdoor by 2.3% during the first quarter. Principal Financial Group Inc. now owns 408,982 shares of the company's stock worth $15,713,000 after purchasing an additional 9,161 shares during the period. GAMMA Investing LLC increased its stake in shares of Frontdoor by 16.5% during the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after purchasing an additional 347 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Frontdoor by 48.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,317 shares of the company's stock worth $934,000 after purchasing an additional 7,967 shares during the period. New York State Common Retirement Fund increased its stake in shares of Frontdoor by 775.3% during the first quarter. New York State Common Retirement Fund now owns 212,552 shares of the company's stock worth $8,166,000 after purchasing an additional 188,268 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Frontdoor by 126.1% during the first quarter. Envestnet Asset Management Inc. now owns 138,646 shares of the company's stock worth $5,327,000 after purchasing an additional 77,330 shares during the period.

Frontdoor Price Performance

Shares of FTDR stock traded down $0.89 during trading hours on Wednesday, reaching $64.45. The company's stock had a trading volume of 172,571 shares, compared to its average volume of 739,314. The firm's 50 day simple moving average is $59.19 and its 200-day simple moving average is $51.63. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 19.02 and a beta of 1.34. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $65.46. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.19. The firm had revenue of $617.00 million for the quarter, compared to the consensus estimate of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The company's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 EPS. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Insider Buying and Selling at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $56.15, for a total value of $7,281,138.95. Following the completion of the transaction, the senior vice president owned 34,646 shares of the company's stock, valued at $1,945,372.90. This represents a 78.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.48% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FTDR. Oppenheimer increased their target price on Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group raised their price objective on Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. Zacks Research upgraded Frontdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. raised their price objective on Frontdoor from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Finally, Truist Financial raised their price objective on Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $59.75.

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.