Cannae Holdings, Inc. $CNNE Shares Purchased by JPMorgan Chase & Co.
JPMorgan Chase & Co. increased its holdings in Cannae Holdings, Inc. (NYSE:CNNE) by 83.8% in the third quarter, acquiring an additional 132,166 shares to own a total of 289,963 shares valued at approximately $5.31 million. Despite this increased institutional interest, Cannae recently reported a significant quarterly loss and negative net margin, leading analysts to maintain a "Hold" rating with a $16 price target. The company also announced a quarterly dividend of $0.15 per share, representing a 5.2% yield.