State of New Jersey Common Pension Fund D Has $1.91 Million Stock Position in Cannae Holdings, Inc. (NYSE:CNNE)

State of New Jersey Common Pension Fund D decreased its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,181 shares of the company’s stock after selling 1,506 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Cannae were worth $1,909,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CNNE. Crescent Grove Advisors LLC boosted its stake in shares of Cannae by 0.4% during the 3rd quarter. Crescent Grove Advisors LLC now owns 320,263 shares of the company’s stock worth $6,104,000 after acquiring an additional 1,379 shares during the period. River Road Asset Management LLC boosted its stake in Cannae by 0.9% in the 3rd quarter. River Road Asset Management LLC now owns 5,665,103 shares of the company’s stock valued at $107,977,000 after purchasing an additional 50,150 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Cannae in the 3rd quarter valued at $113,000. Shayne & Jacobs LLC boosted its stake in Cannae by 3.6% in the 3rd quarter. Shayne & Jacobs LLC now owns 89,576 shares of the company’s stock valued at $1,707,000 after purchasing an additional 3,080 shares during the period. Finally, Creative Planning boosted its stake in Cannae by 53.5% in the 3rd quarter. Creative Planning now owns 34,204 shares of the company’s stock valued at $652,000 after purchasing an additional 11,925 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their price target on Cannae from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday.

Cannae Price Performance

Shares of NYSE CNNE opened at $20.29 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.55 and a quick ratio of 1.01. Cannae Holdings, Inc. has a fifty-two week low of $16.94 and a fifty-two week high of $22.99. The stock has a market capitalization of $1.27 billion, a PE ratio of -4.22 and a beta of 0.87. The business has a fifty day moving average price of $19.38 and a two-hundred day moving average price of $19.18.

Cannae (NYSE:CNNE) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.22) EPS for the quarter, hitting analysts’ consensus estimates of ($0.22). Cannae had a negative return on equity of 8.26% and a negative net margin of 68.61%. The company had revenue of $113.90 million during the quarter, compared to analysts’ expectations of $105.67 million. During the same quarter in the previous year, the firm earned ($2.18) EPS. Cannae’s revenue was down 20.7% on a year-over-year basis. As a group, equities analysts predict that Cannae Holdings, Inc. will post -2.97 earnings per share for the current fiscal year.

Cannae Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.37%. Cannae’s dividend payout ratio (DPR) is presently -9.98%.

About Cannae

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.