Cannae Holdings, Inc. $CNNE Position Increased by Levin Capital Strategies L.P.

Posted by Francis Steltz on Jul 23rd, 2026

Levin Capital Strategies L.P. boosted its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE – Free Report) by 61.2% in the first quarter, HoldingsChannel reports. The firm owned 156,768 shares of the company’s stock after purchasing an additional 59,500 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Cannae were worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. grew its stake in Cannae by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 267,358 shares of the company’s stock worth $5,574,000 after buying an additional 1,265 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cannae by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,465 shares of the company’s stock valued at $613,000 after buying an additional 1,405 shares during the last quarter. Invesco Ltd. lifted its stake in Cannae by 1.2% in the third quarter. Invesco Ltd. now owns 180,882 shares of the company’s stock valued at $3,312,000 after buying an additional 2,099 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Cannae by 27.4% during the third quarter. Envestnet Asset Management Inc. now owns 12,614 shares of the company’s stock valued at $231,000 after acquiring an additional 2,716 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Cannae during the second quarter valued at $62,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analyst Upgrades and Downgrades

CNNE has been the topic of a number of analyst reports. Stephens reaffirmed an “overweight” rating and issued a $17.00 price objective on shares of Cannae in a report on Thursday, April 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Cannae in a research note on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cannae in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Read Our Latest Analysis on Cannae

Cannae Stock Down 0.1%

CNNE opened at $14.78 on Thursday. Cannae Holdings, Inc. has a 12 month low of $10.46 and a 12 month high of $21.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market cap of $649.35 million, a P/E ratio of -1.89 and a beta of 1.20. The stock’s 50 day moving average price is $14.28 and its 200 day moving average price is $13.66.

Cannae (NYSE:CNNE – Get Free Report) last announced its earnings results on Monday, May 11th. The company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.30). Cannae had a negative net margin of 103.77% and a negative return on equity of 36.53%. The business had revenue of $96.20 million for the quarter, compared to the consensus estimate of $99.77 million. During the same period in the previous year, the firm earned ($1.81) EPS. The firm’s revenue was down 6.8% on a year-over-year basis. As a group, research analysts predict that Cannae Holdings, Inc. will post -2.4 earnings per share for the current year.

Cannae Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Cannae’s dividend payout ratio (DPR) is -7.68%.

Cannae Company Profile

(Free Report)

Cannae Holdings, Inc (NYSE: CNNE) is a publicly traded diversified holding company that focuses on partnering with and investing in businesses across a range of industry sectors. The company seeks to identify attractive opportunities in both private and public markets, leveraging its capital resources and management expertise to support operational growth and value creation. Cannae’s investment strategy emphasizes companies in data and analytics, marketing services, healthcare technology, and payment processing.

Through its portfolio, Cannae holds controlling or significant minority stakes in companies that provide critical software, data and services to corporate clients.