Natixis Has $1.45 Million Position in Cannae Holdings, Inc. (NYSE:CNNE)

Natixis grew its position in Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 25.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,820 shares of the company's stock after acquiring an additional 15,000 shares during the quarter. Natixis owned 0.12% of Cannae worth $1,446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CNNE. Spire Wealth Management acquired a new position in Cannae during the fourth quarter worth $45,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Cannae during the 4th quarter worth about $76,000. R Squared Ltd bought a new position in Cannae during the 4th quarter valued at about $78,000. Nomura Asset Management Co. Ltd. boosted its position in Cannae by 133.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,268 shares of the company's stock valued at $85,000 after buying an additional 2,436 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Cannae by 457.9% during the fourth quarter. Blue Trust Inc. now owns 4,949 shares of the company's stock worth $94,000 after buying an additional 4,062 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CNNE shares. Royal Bank of Canada reduced their target price on Cannae from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Oppenheimer reduced their price objective 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 Price Performance

Shares of NYSE CNNE traded up $0.06 during trading on Monday, reaching $17.97. The company had a trading volume of 73,585 shares, compared to its average volume of 449,241. Cannae Holdings, Inc. has a 52 week low of $15.92 and a 52 week high of $22.36. The business's 50 day moving average price is $17.87 and its 200-day moving average price is $19.22. The stock has a market cap of $1.13 billion, a PE ratio of -3.74 and a beta of 0.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.55 and a current ratio of 2.55.

Cannae Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Monday, March 17th. Cannae's dividend payout ratio (DPR) is presently -10.17%.

Cannae announced that its board has approved a stock buyback plan on Tuesday, March 25th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

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.