Cannae (NYSE:CNNE) Shares Down 8.4% Following Weak Earnings

Cannae Holdings, Inc. (NYSE:CNNE)’s stock price fell 8.4% on Tuesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $11.53 and last traded at $11.6050. 92,091 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 448,735 shares. The stock had previously closed at $12.67.

The company reported ($1.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($1.55). Cannae had a negative return on equity of 23.16% and a negative net margin of 108.39%.The firm had revenue of $103.30 million for the quarter, compared to analysts’ expectations of $102.70 million. During the same period last year, the firm earned ($0.74) EPS. The business’s quarterly revenue was down 6.0% on a year-over-year basis.

Cannae Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.60 dividend on an annualized basis and a yield of 5.1%. Cannae’s dividend payout ratio is currently -7.76%.

Key Headlines Impacting Cannae

Here are the key news stories impacting Cannae this week:

• Positive Sentiment: Cannae declared a quarterly cash dividend of $0.15 per share (annualized yield ~4.7%); record/ex-dividend date set for March 17 and payment March 31. Income-oriented investors may find this supportive. Cannae Announces Q4 and Full Year 2025 Results
• Positive Sentiment: Management outlined an accelerated portfolio transformation and signaled a priority on sports & entertainment assets, plus plans tied to ramping stadium capacity to ~80% — a strategic refocus that could unlock asset value if executed. Cannae outlines accelerated portfolio transformation
• Neutral Sentiment: The company posted its Q4 and full-year 2025 results and made materials available on its website and via a conference call; read the press release/letter for details. Q4 & Full Year 2025 Letter to Shareholders
• Neutral Sentiment: Full earnings call transcript is available for readback — useful to parse management comments on timing, portfolio moves, and cash deployment. Earnings Call Transcript
• Negative Sentiment: Big EPS miss: CNNE reported ($1.93) EPS vs. consensus ($0.38), a sizable shortfall; revenue declined ~6% YOY and net margin/ROE were negative — the weak profitability and widened loss likely explain the immediate negative market reaction. Earnings Results & Conference Call

Wall Street Analyst Weigh In

CNNE has been the subject of several research analyst reports. Royal Bank Of Canada reduced their target price on Cannae from $22.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cannae in a research note on Friday, January 9th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.50.

Institutional Trading of Cannae

A number of institutional investors and hedge funds have recently modified their holdings of CNNE. River Road Asset Management LLC boosted its holdings in shares of Cannae by 0.9% in the 2nd quarter. River Road Asset Management LLC now owns 4,719,243 shares of the company’s stock valued at $100,897,000 after buying an additional 40,367 shares during the period. Carronade Capital Management LP boosted its stake in Cannae by 2.3% in the fourth quarter. Carronade Capital Management LP now owns 3,262,648 shares of the company’s stock valued at $51,321,000 after acquiring an additional 73,621 shares during the period. Rubric Capital Management LP grew its holdings in shares of Cannae by 41.3% during the second quarter. Rubric Capital Management LP now owns 2,105,864 shares of the company’s stock valued at $43,907,000 after purchasing an additional 615,616 shares during the last quarter. Private Management Group Inc. grew its holdings in shares of Cannae by 8.5% during the fourth quarter. Private Management Group Inc. now owns 1,821,685 shares of the company’s stock valued at $28,655,000 after purchasing an additional 142,025 shares during the last quarter. Finally, Saba Capital Management L.P. raised its position in shares of Cannae by 23.3% during the 4th quarter. Saba Capital Management L.P. now owns 1,714,994 shares of the company’s stock worth $26,977,000 after purchasing an additional 323,531 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Cannae Trading Down 7.1%

The firm has a market cap of $580.32 million, a P/E ratio of -1.53 and a beta of 1.09. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.03 and a current ratio of 2.03. The firm has a fifty day moving average of $15.08 and a 200-day moving average of $16.86.

About Cannae

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.