1 week Ago By Defense World Staff
Corebridge Financial Inc. decreased its holdings in Cannae Holdings, Inc. ( NYSE:CNNE – Free Report ) by 7.
0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,007 shares of the company’s stock after selling 2,114 shares during the quarter. Corebridge Financial Inc.
’s holdings in Cannae were worth $556,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Management Group Inc.
bought a new position in shares of Cannae in the fourth quarter valued at about $16,643,000. Raymond James Financial Inc. bought a new position in shares of Cannae in the fourth quarter worth about $5,866,000.
Levin Capital Strategies L.P. raised its stake in shares of Cannae by 435.
4% in the fourth quarter. Levin Capital Strategies L.P.
now owns 157,397 shares of the company’s stock worth $3,126,000 after acquiring an additional 128,000 shares during the last quarter. Barclays PLC lifted its position in shares of Cannae by 221.9% during the third quarter.
Barclays PLC now owns 95,378 shares of the company’s stock worth $1,818,000 after purchasing an additional 65,749 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Cannae by 31.4% during the fourth quarter.
Bank of New York Mellon Corp now owns 263,659 shares of the company’s stock valued at $5,236,000 after purchasing an additional 62,987 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.
Wall Street Analyst Weigh In CNNE has been the topic of several research reports. Royal Bank of Canada reduced their price objective on Cannae from $27.00 to $23.
00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Oppenheimer cut their price target on Cannae from $27.00 to $22.
00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Cannae Trading Down 2.4 % CNNE opened at $16.
49 on Tuesday. Cannae Holdings, Inc. has a fifty-two week low of $15.
92 and a fifty-two week high of $22.36. The company has a market cap of $1.
04 billion, a price-to-earnings ratio of -3.43 and a beta of 0.89.
The company has a debt-to-equity ratio of 0.10, a current ratio of 2.55 and a quick ratio of 2.
55. The firm has a 50 day simple moving average of $18.67 and a 200 day simple moving average of $19.
41. Cannae Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.
12 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.
48 annualized dividend and a dividend yield of 2.91%. Cannae’s dividend payout ratio is currently -10.
17%. Cannae declared that its Board of Directors has initiated a share buyback program on Tuesday, March 25th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases.
Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued. About Cannae ( Free Report ) 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. Featured Stories Five stocks we like better than Cannae How to Capture the Benefits of Dividend Increases Options Activity Points to More Volatility for Palantir Stock The Basics of Support and Resistance NVIDIA Stock: Oversold, Undervalued — How Low Can It Go? How to Short Nasdaq: An Easy-to-Follow Guide MicroStrategy Sees Insider Buy-Sell Action in Q1 Receive News & Ratings for Cannae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cannae and related companies with MarketBeat.
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