Altria Group
W. Hildebrandt Surgner Jr., the company’s corporate secretary, disposed of 275 shares as a gift. He still owns more than 26,000 shares.
Apple REIT Ten
The newest of the Apple REITs said it entered into purchase contracts for three hotels for a total price of $69 million. The properties include a Hilton Garden Inn in Dallas and a Courtyard and TownePlace Suites in Grapevine, Tex. The hotels are all under construction and are expected to have a total of 465 rooms.
The REIT also entered a $20.58 million contract to purchase of all of the ownership interests in Sunbelt-I2HA, LLC, which owns two hotels under construction in Huntsville, Ala.
It also closed on the $17.5 million purchase of a 119-room Fairfield Inn & Suites by Marriott in South Bend, Ind.
C&F Financial
Director Barry Chernack bought 500 shares for $21.10 each.
Central Virginia Bankshares
The parent of Central Virginia Bank reported third quarter profit of $146,000, an improvement over a $12 million loss in the same period a year ago. It had $41.7 million in non-performing assets at the end of the third quarter, up $9.5 million from a year ago but down 1 percent from the second quarter. CVB had $401.7 million in total assets, down from $423 million. Its loan portfolio shrank to $233 million from $272 million. And its deposit base was down to $338 million from $354 million.
First Capital Bancorp
President and chief executive Bob Watts bought 1,000 shares for $2.41 per share. Watts owns more than 14,000 shares.
Senior Vice President Gary Armstrong bought 6,750 shares for almost $16,000.
Managing Director John Presley bought 2,000 shares for $2.45 each.
Genworth Financial
The company reported third quarter net income of $29 million, down from $83 million in the same period a year ago. Its revenue for the quarter was $2.52 billion, down from $2.66 billion in the third quarter of 2010. Genworth also said in the filing that it plans to pursue a minority IPO of its Australian mortgage insurance business in the second quarter of 2012. It would sell up to 40 percent of its holdings in the Australian business while maintaining a controlling position.
James River Coal
James River Coal lost $3.7 million in the third quarter, compared with a $9.2 million profit in the same period a year ago. It had $291.5 million in coal revenue during the quarter and $245 million in costs related to harvesting and selling that coal.
Markel
The specialty insurer turned a $53.2 million profit in the third quarter, although that was down from $63.2 million a year ago. Markel brought in $676 million in total revenue during the quarter, including $509 million in premium revenue and $62.1 million in investment income. The company said the decline in net income was due in part to exposure it experienced from catastrophes such as Hurricane Irene, earthquakes in New Zealand and Japan and other storms and floods.
Media General
Chief Accounting Officer Stephen Dickinson announced his retirement effective Dec. 31. Media General said Dickinson would continue to serve in a consulting capacity in early 2012.
Owens & Minor
James Rogers, a director, exercised options for 7,500 shares for $12.32 per share or $92,400. He then sold those shares at market value for $29.52 each for a total of $221,400. Rogers also disposed of 342 shares as a gift. He still owns 43,000 shares.
Director G. Gilmer Minor III sold 26,704 shares for $30.02 each or $801,000. He still owns 159,000 shares of O&M stock.
Universal Corp.
The company entered into a new $550 million credit agreement with JPMorgan Chase Bank and other institutions.
Universal also announced that it would repurchase $100 million of its common stock from shareholders. It has approximately 23.2 million common shares outstanding.
The company declared a dividend of $0.49 per common share payable Feb. 13 to shareholders of record at the close of business Jan. 9.
In its latest quarterly report, Universal reported a loss of $8.03 million, compared with a $51 million profit a year ago. It had $641 million in sales during the quarter, most of which was derived from flue-cured and burley leaf tobacco operations outside of the United States. Its sales were down $23 million.
Union First Market Bankshares
Director Douglas Caton bought 465 shares for $12.63 each. He then bought an additional 1,102 shares for $12.77 each. Caton owns 405,000 shares.
Xenith Bankshares
Xenith Bank’s holding company reported third quarter profit of $6.8 million, an improvement from a loss of $2 million in the same period a year ago. During the quarter, Xenith closed on the acquisitions of Virginia Business Bank and the local operations of Paragon Commercial Bank, resulting in the addition of approximately $109 million in performing loans and $154 million in deposits. The deals pushed Xenith’s total assets to $469.9 million, up from $251 million at year’s end. Its loan portfolio now holds $293.3 million, up from $151 million. And it has $362.2 million in total deposits, up from $175 million at year’s end. Its non-performing assets made up 2.35 percent of its total loans. Xenith also received $8.4 million in capital from the U.S. Department of the Treasury through the Small Business Lending Fund, on which the company must pay a 1 percent dividend.
Altria Group
W. Hildebrandt Surgner Jr., the company’s corporate secretary, disposed of 275 shares as a gift. He still owns more than 26,000 shares.
Apple REIT Ten
The newest of the Apple REITs said it entered into purchase contracts for three hotels for a total price of $69 million. The properties include a Hilton Garden Inn in Dallas and a Courtyard and TownePlace Suites in Grapevine, Tex. The hotels are all under construction and are expected to have a total of 465 rooms.
The REIT also entered a $20.58 million contract to purchase of all of the ownership interests in Sunbelt-I2HA, LLC, which owns two hotels under construction in Huntsville, Ala.
It also closed on the $17.5 million purchase of a 119-room Fairfield Inn & Suites by Marriott in South Bend, Ind.
C&F Financial
Director Barry Chernack bought 500 shares for $21.10 each.
Central Virginia Bankshares
The parent of Central Virginia Bank reported third quarter profit of $146,000, an improvement over a $12 million loss in the same period a year ago. It had $41.7 million in non-performing assets at the end of the third quarter, up $9.5 million from a year ago but down 1 percent from the second quarter. CVB had $401.7 million in total assets, down from $423 million. Its loan portfolio shrank to $233 million from $272 million. And its deposit base was down to $338 million from $354 million.
First Capital Bancorp
President and chief executive Bob Watts bought 1,000 shares for $2.41 per share. Watts owns more than 14,000 shares.
Senior Vice President Gary Armstrong bought 6,750 shares for almost $16,000.
Managing Director John Presley bought 2,000 shares for $2.45 each.
Genworth Financial
The company reported third quarter net income of $29 million, down from $83 million in the same period a year ago. Its revenue for the quarter was $2.52 billion, down from $2.66 billion in the third quarter of 2010. Genworth also said in the filing that it plans to pursue a minority IPO of its Australian mortgage insurance business in the second quarter of 2012. It would sell up to 40 percent of its holdings in the Australian business while maintaining a controlling position.
James River Coal
James River Coal lost $3.7 million in the third quarter, compared with a $9.2 million profit in the same period a year ago. It had $291.5 million in coal revenue during the quarter and $245 million in costs related to harvesting and selling that coal.
Markel
The specialty insurer turned a $53.2 million profit in the third quarter, although that was down from $63.2 million a year ago. Markel brought in $676 million in total revenue during the quarter, including $509 million in premium revenue and $62.1 million in investment income. The company said the decline in net income was due in part to exposure it experienced from catastrophes such as Hurricane Irene, earthquakes in New Zealand and Japan and other storms and floods.
Media General
Chief Accounting Officer Stephen Dickinson announced his retirement effective Dec. 31. Media General said Dickinson would continue to serve in a consulting capacity in early 2012.
Owens & Minor
James Rogers, a director, exercised options for 7,500 shares for $12.32 per share or $92,400. He then sold those shares at market value for $29.52 each for a total of $221,400. Rogers also disposed of 342 shares as a gift. He still owns 43,000 shares.
Director G. Gilmer Minor III sold 26,704 shares for $30.02 each or $801,000. He still owns 159,000 shares of O&M stock.
Universal Corp.
The company entered into a new $550 million credit agreement with JPMorgan Chase Bank and other institutions.
Universal also announced that it would repurchase $100 million of its common stock from shareholders. It has approximately 23.2 million common shares outstanding.
The company declared a dividend of $0.49 per common share payable Feb. 13 to shareholders of record at the close of business Jan. 9.
In its latest quarterly report, Universal reported a loss of $8.03 million, compared with a $51 million profit a year ago. It had $641 million in sales during the quarter, most of which was derived from flue-cured and burley leaf tobacco operations outside of the United States. Its sales were down $23 million.
Union First Market Bankshares
Director Douglas Caton bought 465 shares for $12.63 each. He then bought an additional 1,102 shares for $12.77 each. Caton owns 405,000 shares.
Xenith Bankshares
Xenith Bank’s holding company reported third quarter profit of $6.8 million, an improvement from a loss of $2 million in the same period a year ago. During the quarter, Xenith closed on the acquisitions of Virginia Business Bank and the local operations of Paragon Commercial Bank, resulting in the addition of approximately $109 million in performing loans and $154 million in deposits. The deals pushed Xenith’s total assets to $469.9 million, up from $251 million at year’s end. Its loan portfolio now holds $293.3 million, up from $151 million. And it has $362.2 million in total deposits, up from $175 million at year’s end. Its non-performing assets made up 2.35 percent of its total loans. Xenith also received $8.4 million in capital from the U.S. Department of the Treasury through the Small Business Lending Fund, on which the company must pay a 1 percent dividend.