Trading Day: Local SEC filings for 3.4.21

Apple Hospitality REIT (APLE)

The hotel-focused real estate investment trust filed its year-end earnings report. In 2020, the company reported a net loss of $173.2 million, compared to a net income of $171.9 million in 2019. Click here to see the full report.

The company also filed its quarterly earnings report for the period ended Dec. 31. The company reported a net loss of $51.2 million. The company reported a net income of $25.5 million for the same period in 2019.

Atlantic Union Bankshares (AUB)

The parent of Atlantic Union Bank said it prepaid $200 million of its 1.78% fixed rate long term Federal Home Loan Bank advance, which had a remaining maturity of approximately 7.5 years. As a result, the company incurred an after tax prepayment penalty of $11.6 million in the first quarter of 2021. It expects the prepayment will add $2.6 million in net income annually.

Brink’s (BCO)

The armored car giant filed its quarterly earnings report for the period ended Dec. 31. The company reported $1.02 billion in revenues and $73 million in operating profit compared to $936 million in revenues and $112 million in operating profits during the same period in 2019. Click here for the report.

C&F Financial (CFFI)

The parent of C&F Bank declared a regular cash dividend of 38 cents per share payable April 1 to shareholders of record on March 12

Dominion (D)

The power utility filed its year-end earnings report. In 2020, the company reported $14.2 billion in operating revenue and a net income of $1.6 billion compared to operating revenue of $14.4 billion and a net income of $653 million in 2019. Click here to see the full report.

Dynex Capital (DX)

President and CEO Smriti Laxman Popenoe bought 1,120 shares at about $18 per share for a total of $20,160. Popenoe directly owns 98,740 shares of common stock.

CFO and COO Stephen J. Benedetti bought 2,801 shares at about $18 per share for a total of $50,418. Benedetti directly owns 158,272 shares of common stock.

Genworth Financial (GNW)

The Henrico-based insurer reported the sale of its entire ownership stake in its Genworth Mortgage Insurance Australia Limited subsidiary. The sale involved 214.3 million shares at $2.28 (Australian dollars) per share. The company said the sale equals $370 million in U.S. currency. Of that, $247 million will be put toward paying down debt owed to lender AXA, leaving $123 million in proceeds. The company said the proceeds will help it pay down near-term debt obligations.

Genworth also said it continues to prepare for a potential IPO of its U.S. mortgage insurance business.

Kinsale Capital Group (KNSL)

The Henrico-based insurer had net income of $38.2 million for the fourth quarter of 2020 compared to $17.9 million for the fourth quarter of 2019. Net income for all of 2020 was $88.4 million, compared to $63.3 million in 2019. Click here for the full earnings release.

Markel (MKL)

Director Lynne A. Puckett bought 90 shares at about $1,092 per share for a total of $98,280. Puckett directly owns 254 shares of common stock.

Apple Hospitality REIT (APLE)

The hotel-focused real estate investment trust filed its year-end earnings report. In 2020, the company reported a net loss of $173.2 million, compared to a net income of $171.9 million in 2019. Click here to see the full report.

The company also filed its quarterly earnings report for the period ended Dec. 31. The company reported a net loss of $51.2 million. The company reported a net income of $25.5 million for the same period in 2019.

Atlantic Union Bankshares (AUB)

The parent of Atlantic Union Bank said it prepaid $200 million of its 1.78% fixed rate long term Federal Home Loan Bank advance, which had a remaining maturity of approximately 7.5 years. As a result, the company incurred an after tax prepayment penalty of $11.6 million in the first quarter of 2021. It expects the prepayment will add $2.6 million in net income annually.

Brink’s (BCO)

The armored car giant filed its quarterly earnings report for the period ended Dec. 31. The company reported $1.02 billion in revenues and $73 million in operating profit compared to $936 million in revenues and $112 million in operating profits during the same period in 2019. Click here for the report.

C&F Financial (CFFI)

The parent of C&F Bank declared a regular cash dividend of 38 cents per share payable April 1 to shareholders of record on March 12

Dominion (D)

The power utility filed its year-end earnings report. In 2020, the company reported $14.2 billion in operating revenue and a net income of $1.6 billion compared to operating revenue of $14.4 billion and a net income of $653 million in 2019. Click here to see the full report.

Dynex Capital (DX)

President and CEO Smriti Laxman Popenoe bought 1,120 shares at about $18 per share for a total of $20,160. Popenoe directly owns 98,740 shares of common stock.

CFO and COO Stephen J. Benedetti bought 2,801 shares at about $18 per share for a total of $50,418. Benedetti directly owns 158,272 shares of common stock.

Genworth Financial (GNW)

The Henrico-based insurer reported the sale of its entire ownership stake in its Genworth Mortgage Insurance Australia Limited subsidiary. The sale involved 214.3 million shares at $2.28 (Australian dollars) per share. The company said the sale equals $370 million in U.S. currency. Of that, $247 million will be put toward paying down debt owed to lender AXA, leaving $123 million in proceeds. The company said the proceeds will help it pay down near-term debt obligations.

Genworth also said it continues to prepare for a potential IPO of its U.S. mortgage insurance business.

Kinsale Capital Group (KNSL)

The Henrico-based insurer had net income of $38.2 million for the fourth quarter of 2020 compared to $17.9 million for the fourth quarter of 2019. Net income for all of 2020 was $88.4 million, compared to $63.3 million in 2019. Click here for the full earnings release.

Markel (MKL)

Director Lynne A. Puckett bought 90 shares at about $1,092 per share for a total of $98,280. Puckett directly owns 254 shares of common stock.

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