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David Einhorn Reduces Stake In Delta Lloyd As Insurer Drops To Record Low

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Rupert Hargreaves
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Delta Lloyd NV has slumped to a record low today after it emerged that David Einhorn, one of the insurer’s largest shareholders, has been reducing his stake in the troubled company.

At time of writing, Delta Lloyd is trading at €8.89 in Amsterdam after to falling to an all-time low of €8.75 earlier in the day. Year to date, the company’s shares have lost 51.1% and are on course to close at their lowest level since Delta Lloyd’s initial public offering in 2009.

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha