Swiss National Bank Sells 1,700 Shares of Cannae Holdings, Inc. $CNNE

Swiss National Bank reduced its holdings in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,394 shares of the company’s stock after selling 1,700 shares during the quarter. Swiss National Bank owned 0.17% of Cannae worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CNNE. Wells Fargo & Company MN lifted its holdings in Cannae by 13.1% in the fourth quarter. Wells Fargo & Company MN now owns 44,533 shares of the company’s stock valued at $884,000 after acquiring an additional 5,172 shares during the period. Barclays PLC lifted its holdings in Cannae by 10.6% in the fourth quarter. Barclays PLC now owns 105,522 shares of the company’s stock valued at $2,096,000 after acquiring an additional 10,144 shares during the period. XTX Topco Ltd bought a new position in Cannae in the fourth quarter valued at about $214,000. MetLife Investment Management LLC lifted its holdings in Cannae by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 34,432 shares of the company’s stock valued at $684,000 after acquiring an additional 1,883 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Cannae by 8.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 46,231 shares of the company’s stock valued at $919,000 after acquiring an additional 3,643 shares during the period. Institutional investors own 88.12% of the company’s stock.

Cannae Stock Performance

Shares of CNNE opened at $18.50 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $20.40 and a two-hundred day simple moving average of $19.02. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -2.76 and a beta of 1.06. Cannae Holdings, Inc. has a 52 week low of $15.91 and a 52 week high of $22.36.

Cannae Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.15 dividend. The ex-dividend date is Tuesday, September 16th. This is a positive change from Cannae’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 3.2%. Cannae’s dividend payout ratio (DPR) is currently -7.16%.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada increased their target price on Cannae from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $24.00.

Cannae Company Profile

Cannae Holdings, Inc is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc was founded in 2014 and is based in Las Vegas, Nevada.