<div id="readability-page-1"><p>JPMorgan Chase &amp; Co. cut its stake in shares of  Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 45.0% during the fourth quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The firm owned 250,273 shares of the company's stock after selling 204,415 shares during the quarter. JPMorgan Chase &amp; Co. owned about 0.40% of Cannae worth $4,970,000 at the end of the most recent quarter.</p><p>A number of other large investors have also made changes to their positions in CNNE. Private Management Group Inc. purchased a new position in  Cannae in the 4th quarter valued at approximately $16,643,000.  Raymond James Financial Inc. purchased a new position in  Cannae during the fourth quarter worth $5,866,000.  Levin Capital Strategies L.P. raised its holdings 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% in the third quarter. Barclays PLC now owns 95,378 shares of the company's stock valued at $1,818,000 after acquiring an additional 65,749 shares in the last quarter.  Finally, Bank of New York Mellon Corp boosted 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 acquiring an additional 62,987 shares during the last quarter. Hedge funds and other institutional investors own  88.12% of the company's stock. </p><h2>Cannae Price Performance</h2><p>Shares of NYSE:CNNE opened at $17.33 on Friday. Cannae Holdings, Inc. has a 52 week low of $15.92 and a 52 week high of $22.36. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $18.11 and a 200-day simple moving average of $19.25. The company has a market cap of $1.09 billion, a P/E ratio of -3.60 and a beta of 0.89. </p><p>Cannae declared that its board has approved a stock repurchase plan on Tuesday, March 25th that authorizes the company to repurchase 10,000,000 outstanding  shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued. </p><h2>Cannae Dividend Announcement</h2><p>The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend  was Monday, March 17th. This represents a $0.48 annualized dividend and a yield of 2.77%. Cannae's dividend payout ratio  is currently -10.17%. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several research analysts recently weighed in on the stock. Oppenheimer cut their target price on shares of Cannae from $27.00 to $22.00 and set an &#34;outperform&#34; rating for the company in a research note on Friday, March 7th. Royal Bank of Canada cut their price objective on shares of Cannae from $27.00 to $23.00 and set an &#34;outperform&#34; rating for the company in a research report on Wednesday, February 26th.</p><p><b>View Our Latest Research Report on CNNE</b></p><h2>Cannae Profile</h2> (Free Report)<p>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. </p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Cannae</li><li>What is the Hang Seng index?  </li><li>3 Mid-Cap to Mega-Cap Stocks Have Announced Significant Buybacks</li><li>P/E Ratio Calculation: How to Assess Stocks</li><li>These 3 Stocks Have Huge Last 12 Months Shareholder Yields</li><li>What is the Nikkei 225 index?    </li><li>Prominent Hedge Fund Acquires Huge Stake in HPE: Is It a Buy Now?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNOTkU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNOTkU"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Cannae Right Now?</h2><p>Before you consider Cannae, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cannae wasn't on the list.</p><p>While Cannae currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CNNE

<p>JPMorgan Chase & Co. cut its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 45.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission.</p>

JPMorgan Chase & Co. Cuts Position in Cannae Holdings, Inc. (NYSE:CNNE)