Corient Private Wealth LLC Sells Shares of Cannae Holdings, Inc. (NYSE:CNNE)

On March 25, 2025, it was reported that Corient Private Wealth LLC has reduced its ownership in Cannae Holdings, Inc. (NYSE:CNNE) by 4.8% during the fourth quarter of the year. According to HoldingsChannel.com, the firm held 100,359 shares after selling 5,029 shares in that period. As per their latest filing with the Securities and Exchange Commission, the value of Corient’s holdings in Cannae amounts to $1,993,000.

Other institutional investors have also recently adjusted their positions in Cannae. Notably, JPMorgan Chase & Co. increased their stake by 10.9% during the third quarter, bringing their total ownership to 454,688 shares, valued at $8,666,000 after purchasing an additional 44,691 shares. Barclays PLC made a significant move by boosting its ownership in Cannae by 221.9% during the same period, now holding 95,378 shares worth $1,818,000 after acquiring 65,749 additional shares. Additionally, Spire Wealth Management entered a new investment in Cannae, valued at about $45,000, while Strategic Financial Concepts LLC made a new purchase worth approximately $281,000. Moreover, State Street Corp improved its stake by 1.6% during the third quarter, owning 1,605,351 shares valued at $30,598,000 after enhancing their position by 25,403 shares. Currently, institutional investors and hedge funds own about 88.12% of Cannae's stock.

Current Share Performance

As of Tuesday, the shares of NYSE:CNNE opened at $18.76. The company has a market capitalization of $1.18 billion, a price-to-earnings (PE) ratio of -3.90, and a beta of 0.86. Over the past year, Cannae Holdings has experienced a low of $15.99 and a high of $22.99. Its moving averages include a 50-day average of $18.84 and a 200-day average of $19.47. Financial metrics indicate a current ratio and quick ratio of 2.55 each, alongside a low debt-to-equity ratio of 0.10.

Cannae Announces Dividend Payment

Cannae Holdings has also declared a quarterly dividend, set to be paid on March 31st. For shareholders of record as of March 17th, a dividend of $0.12 per share will be distributed, amounting to an annualized dividend of $0.48, which reflects a yield of 2.56%. The ex-dividend date for this payment is also March 17th. Notably, Cannae's dividend payout ratio currently stands at -10.17%.

Analyst Ratings Changes

Several analysts have provided updates concerning Cannae’s stock. Royal Bank of Canada recently lowered their price target for Cannae from $27.00 to $23.00 while maintaining an “outperform” rating. Similarly, Oppenheimer adjusted their price target from $27.00 to $22.00, while also keeping an “outperform” rating intact.

About Cannae Holdings, Inc.

Cannae Holdings, Inc. operates as an investment firm based in Las Vegas, Nevada. Established in 2014, the firm primarily focuses on investments in sectors including restaurants, technology-driven healthcare services, and financial services, among others. It engages in both minority and majority stakes in various companies.

Additional Information

The ongoing activities of Cannae and similar firms can provide intriguing insights for investors looking to enhance their portfolios with compelling investment opportunities.

Cannae, Investments, Stocks