Cannae Holdings Ends Management Agreement, Appoints New Leadership

Cannae Holdings ( (CNNE) ) has shared an update.

On May 12, 2025, Cannae Holdings announced the termination of its Management Services Agreement with Trasimene Capital Management, effective immediately, which included a revised payment schedule for outstanding fees. Additionally, the company appointed William T. Royan and Woodrow Tyler as new independent directors and announced a management transition with William P. Foley stepping down as CEO and Chairman to become Vice Chairman, while Doug Ammerman and Ryan R. Caswell assumed the roles of Chairman and CEO, respectively. Cannae also expanded its strategic relationship with JANA Partners, acquiring an additional 30% stake to enhance capital allocation opportunities. These strategic actions are part of Cannae’s ongoing efforts to rebalance its portfolio, improve operational performance, and create long-term shareholder value.

The most recent analyst rating on (CNNE) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Cannae Holdings stock, see the CNNE Stock Forecast page.

Spark’s Take on CNNE Stock

According to Spark, TipRanks’ AI Analyst, CNNE is a Neutral.

Cannae Holdings’ overall stock score reflects significant financial challenges, especially in income generation and cash flow. Despite a stable balance sheet, profitability issues weigh heavily on the score. The technical analysis indicates mixed short-term trends with some recovery potential. Valuation concerns persist due to negative earnings, though the dividend yield is a positive aspect. The earnings call provides some optimism with strategic initiatives and investments, balancing some of the financial weaknesses.

To see Spark’s full report on CNNE stock, click here.

More about Cannae Holdings

Cannae Holdings, Inc. operates in the investment management industry, focusing on strategic investments, mergers, acquisitions, and dispositions. The company has interests in sports, entertainment, and spirits businesses, including Black Knight Football and Minden Mill, and aims to diversify its portfolio and enhance shareholder value.

Average Trading Volume: 682,544

Technical Sentiment Signal: Strong Sell

Current Market Cap: $1.16B

Find detailed analytics on CNNE stock on TipRanks’ Stock Analysis page.