Aspen Insurance better; CHS preferreds gain; First Republic improves

By James McCandless

San Antonio, July 28 – The preferred space extended a positive trend by the end of the Tuesday session.

Leading secondary market trading, insurance carrier Aspen Insurance Holdings Ltd’s 5.625% non-cumulative perpetual preferred shares were up 23 cents to close at $24.90 on volume of about 811,000 shares.

Agricultural products producer CHS Inc.’s 7.5% series 4 class B cumulative redeemable preferred stock rose 11 cents to close at $27.24 with about 716,000 shares trading.

Elsewhere, in the finance space, First Republic Bank’s 4.7% series J non-cumulative perpetual preferreds gained 9 cents to close at $25.63 on volume of about 452,000 shares.

Sector peer Regions Financial Corp.’s 5.7% series C fixed-to-floating rate non-cumulative perpetual preferred stock moved up 11 cents to close at $25.80 with about 330,000 shares trading.

Meanwhile, telecom giant AT&T, Inc.’s 4.75% series C perpetual preferred stock tacked on 5 cents to close at $24.95 on volume of about 437,000 shares.

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