Cannae Holdings (CNNE) Expands Buyback Authorization to 14.9M Shares

Cannae Holdings, Inc. (NYSE:CNNE) is included among the 13 Extreme Dividend Stocks with Huge Upside Potential.

Cannae Holdings (CNNE) Expands Buyback Authorization to 14.9M Shares

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On March 9, Cannae Holdings, Inc. (NYSE:CNNE) announced that its Board of Directors had approved a new stock repurchase program. The program became effective on March 6, 2026.

Under the authorization, the company may repurchase up to 10 million shares of its common stock. This comes in addition to the 4.9 million shares remaining under Cannae’s earlier repurchase authorizations. In total, the company now has approval to buy back 14.9 million shares. Cannae currently has 46.4 million shares outstanding.

The Board said it remains unsatisfied with the company’s current share price. In its view, the price does not reflect the intrinsic value of Cannae’s assets or the long-term potential of its platform. Based on feedback from shareholders, the Board decided to expand its commitment to returning capital. It increased the share repurchase authorization to give management more flexibility to buy back shares in the near term and as the company generates liquidity through the sale of non-core assets. The company said the larger authorization reflects its focus on maximizing shareholder value and taking steps aimed at increasing Cannae’s share price.

Cannae Holdings, Inc. (NYSE:CNNE) primarily acquires interests in operating companies and takes an active role in managing and operating a core group of those businesses. Its operating segments include Restaurant Group, Alight, Black Knight Football, and JANA.

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