Investor Reduces Stake in Zenith National Insurance

A Rancho Mirage investor has reduced his stake in Zenith National Insurance Corp., a Woodland Hills property-casualty insurance company, to 1.1 million common shares, or 5.4% of the total outstanding. According to a filing with the Securities and Exchange Commission, Daniel Schwartz, who is also a Zenith director, sold 177,000 shares of Zenith common on May 8 and May 9 for $17 to $17.87 each, or a total of $2.8 million.