Ex-Dividend Alert: Corebridge Financial, F&G Annuities & Life, and Cannae Holdings
Upcoming Ex-Dividend Dates: Corebridge Financial Inc (CRBG), F&G Annuities & Life Inc (FG), and Cannae Holdings Inc (CNNE) will trade ex-dividend on 12/17/25, with respective dividends of $0.24, $0.25, and $0.15 payable on 12/31/25.
Expected Price Adjustments: Following the ex-dividend date, shares of CRBG, FG, and CNNE are anticipated to open lower by approximately 0.76%, 0.73%, and 0.89%, respectively, based on their recent stock prices.
Dividend Yield Estimates: The estimated annualized yields for the upcoming dividends are 3.04% for Corebridge Financial Inc, 2.90% for F&G Annuities & Life Inc, and 3.56% for Cannae Holdings Inc, indicating potential stability in dividend payments.
Current Trading Performance: As of Monday trading, shares of Corebridge Financial Inc, F&G Annuities & Life Inc, and Cannae Holdings Inc are down approximately 0.4%, 1.4%, and 1.5%, respectively.
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- Earnings Announcement Date: Cannae Holdings (CNNE) is set to release its Q1 2023 earnings on May 11 after market close, with a consensus EPS estimate of -$0.44, reflecting a significant year-over-year improvement of 75.7%, indicating potential recovery in profitability.
- Revenue Expectations: The revenue estimate for Q1 stands at $99.77 million, representing a 3.3% year-over-year decline, which highlights the challenges the company faces in the current market environment and suggests pressure on revenue growth.
- Historical Performance Review: Over the past year, Cannae has exceeded EPS estimates 25% of the time and revenue estimates 75% of the time, demonstrating relative stability in financial forecasting and market confidence in the company.
- Estimate Revision Dynamics: In the last three months, EPS estimates saw one upward revision with no downward adjustments, while revenue estimates experienced one downward revision, indicating a cautious market outlook on the company's future performance, which may affect investor confidence.
- Earnings Release Schedule: Cannae Holdings will release its Q1 2026 financial results after market close on May 11, 2026, reflecting the company's commitment to transparency and investor communication.
- Conference Call Timing: The company will hold a conference call at 5:00 PM Eastern Time on the same day to discuss the financial results, aiming to enhance interaction and information sharing with investors.
- Access Information: Investors can join the call by dialing 1-800-579-2543 (domestic) or 1-785-424-1789 (international), ensuring broad participation and effective information dissemination.
- Webcast and Replay Availability: The call will be available via a live webcast, with a replay accessible immediately after the call on the company's website, further improving information accessibility and transparency.
- License Risk Warning: FCC Chairman Brendan Carr warned broadcasters during a congressional hearing that they risk losing their licenses if they do not operate in the public interest, emphasizing the importance of media trust, which could lead to a crisis for some broadcasters' survival.
- Fake News Allegations: Following Trump's dispute over reports of Iran striking U.S. tankers, Carr accused broadcasters of spreading false information and urged them to correct their course before license renewals, potentially impacting their market reputation and audience trust.
- Trust Rebuilding in Media: Carr highlighted that the media has earned the label of 'fake news' and stressed the necessity of rebuilding public trust, as failure to improve could result in audience loss and declining advertising revenues.
- Impact of International Tensions: The statements from Trump and Carr come amid escalating tensions between the U.S. and Iran, which may affect public trust in media reporting and subsequently influence market sentiment towards related industries.
- Buyback Program Initiation: Cannae Holdings has announced a new stock repurchase program effective March 6, 2026, allowing for the buyback of up to 10 million shares, demonstrating the company's confidence in its stock value.
- Total Buyback Authorization Increased: The new buyback authorization combines with the remaining 4.9 million shares from prior authorizations, resulting in a total buyback authorization of 14.9 million shares, enhancing the company's flexibility in the capital markets.
- Outstanding Shares Context: With 46.4 million shares outstanding, the buyback program will effectively reduce the number of shares in circulation, potentially increasing earnings per share and shareholder value.
- Positive Market Reaction: Following the announcement of the new buyback program, Cannae Holdings' stock price rose 4.40% in premarket trading, reflecting investor optimism regarding the company's future prospects.
- Buyback Program Expansion: Cannae Holdings' Board has authorized a new stock repurchase program effective March 6, 2026, allowing the company to buy back up to 10 million shares, in addition to the 4.9 million shares remaining from prior authorizations, totaling 14.9 million shares, reflecting a strong commitment to enhancing shareholder value.
- Market Sentiment: The Board expressed dissatisfaction with the current share price, believing it does not reflect the intrinsic value of the company's assets or long-term potential, thus expanding the buyback authorization to provide management with greater flexibility to repurchase shares in the short term as liquidity is generated from non-core asset sales.
- Flexibility in Repurchases: The buyback program permits the company to repurchase shares in the open market at prevailing prices or through privately negotiated transactions, without obligating the company to acquire a specific number of shares over a set timeframe, allowing for adaptability in response to market conditions.
- Long-Term Strategy: Cannae Holdings focuses on acquiring interests in operating companies and actively managing them to maximize their value, and the implementation of this buyback program aligns with its long-term ownership and management strategy, aiming to enhance overall shareholder returns.
- Significant Capital Returns: Cannae Holdings repurchased $323 million in stock, representing 17.4 million shares or 28% of outstanding shares, while increasing its quarterly dividend by 25% to $0.15 per share, demonstrating a strong commitment to shareholder returns and proactive capital management.
- Portfolio Transformation: The company invested $50 million in Black Knight Football Club and increased its stake in JANA Partners to 50% with a $67.5 million investment, indicating a strategic shift towards sports and entertainment assets where Cannae has a competitive edge.
- Financial Performance Fluctuations: Total operating revenue for Q4 2025 was $103 million, a 6% decrease year-over-year, while total operating expenses were $127 million, down 5% from the previous year, yet the company still faced an operating loss of $119 million, reflecting financial pressures during its strategic adjustments.
- Enhanced Asset Transparency: Management committed to increasing transparency at the asset level, particularly in sports and entertainment investments, aiming to bolster investor confidence through clearer financial disclosures while addressing challenges related to current stock price performance.







