Cannae Holdings, Inc. $CNNE Position Boosted by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 5.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 105,990 shares of the company’s stock after buying an additional 5,182 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Cannae were worth $2,210,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CNNE. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Cannae by 460.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,069 shares of the company’s stock worth $38,000 after purchasing an additional 1,700 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Cannae during the first quarter worth about $49,000. CWM LLC lifted its position in shares of Cannae by 40.4% during the second quarter. CWM LLC now owns 3,253 shares of the company’s stock worth $68,000 after purchasing an additional 936 shares during the last quarter. Spire Wealth Management lifted its position in shares of Cannae by 81.4% during the first quarter. Spire Wealth Management now owns 4,100 shares of the company’s stock worth $75,000 after purchasing an additional 1,840 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Cannae in the first quarter worth about $261,000. Institutional investors own 88.12% of the company’s stock.

Insider Transactions at Cannae

In other Cannae news, Director Frank R. Martire sold 106,855 shares of Cannae stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $18.63, for a total value of $1,990,708.65. Following the transaction, the director owned 26,478 shares in the company, valued at approximately $493,285.14. The trade was a 80.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.90% of the company’s stock.

Cannae Price Performance

NYSE CNNE opened at $18.52 on Wednesday. Cannae Holdings, Inc. has a 12 month low of $15.91 and a 12 month high of $22.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.78 and a quick ratio of 2.78. The firm has a market capitalization of $1.04 billion, a PE ratio of -2.76 and a beta of 1.09. The company’s 50 day simple moving average is $18.65 and its 200 day simple moving average is $19.13.

Cannae Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.2%. This is a positive change from Cannae’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, September 16th. Cannae’s dividend payout ratio (DPR) is presently -8.96%.

Wall Street Analysts Forecast Growth

CNNE has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Cannae in a report on Tuesday, October 14th. Zacks Research raised shares of Cannae from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their target price on shares of Cannae from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.