River Road Asset Management Updates Cannae Holdings Stake
Ticker: CNNE · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1704720
| Field | Detail |
|---|---|
| Company | Cannae Holdings, INC. (CNNE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-stake
TL;DR
**River Road Asset Management just updated its stake in Cannae Holdings, Inc. (CNNE) as of year-end 2023.**
AI Summary
River Road Asset Management, LLC, an investment firm, filed an amended Schedule 13G/A on January 30, 2024, indicating its ownership of Cannae Holdings, Inc. common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, updates their position in Cannae Holdings, Inc. (ticker: CNNE). This matters to investors because it shows a significant institutional investor's continued, or possibly adjusted, stake in the company, which can influence market perception and stock stability.
Why It Matters
This filing shows that River Road Asset Management, LLC continues to hold a position in Cannae Holdings, Inc., providing transparency into institutional ownership and potential investor confidence.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating no immediate high-risk events.
Analyst Insight
Investors should note River Road Asset Management's continued involvement with Cannae Holdings, Inc. and consider researching their investment thesis for CNNE, although this filing alone doesn't reveal changes in their stake.
Key Players & Entities
- River Road Asset Management, LLC (company) — the reporting person and institutional investor
- Cannae Holdings, Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
- 43-2076925 (number) — IRS Identification No. of River Road Asset Management, LLC
FAQ
Who filed this SC 13G/A amendment?
River Road Asset Management, LLC filed this SC 13G/A amendment, as indicated by the 'NAME OF REPORTING PERSON' section.
What company's stock is the subject of this filing?
The subject company is Cannae Holdings, Inc., as stated under '(Name of Issuer)'.
What type of security is being reported in this filing?
The security being reported is 'Common Stock' of Cannae Holdings, Inc., as specified under '(Title of Class of Securities)'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as per the filing details.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Cannae Holdings, Inc. is 13765N107, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Cannae Holdings, Inc. (CNNE).