NEW YORK,
June 12, 2017
/PRNewswire/ -- S&P Dow Jones Indices will make the
following changes to the S&P 500, S&P MidCap 400 and
S&P SmallCap 600 indices effective prior to the open of trading
on Monday, June 19:
- S&P MidCap 400 constituent Everest Re Group Ltd
(NYSE: RE) will replace Mead Johnson Nutrition Co. (NYSE: MJN) in
the S&P 500, S&P SmallCap 600 constituent Pinnacle
Financial Partners Inc. (NASD: PNFP) will replace Everest Re Group
in the S&P MidCap 400, and Armada Hoffler Properties Inc.
(NYSE: AHH) will replace Pinnacle Financial Partners in the S&P
SmallCap 600. Reckitt Benckiser Group plc is acquiring Mead Johnson
Nutrition in a deal expected to be completed soon, pending final
conditions.
Everest Re Group provides reinsurance and insurance
products. Headquartered in Hamilton, Bermuda, the company will be added
to the S&P 500 GICS (Global Industry Classification Standard)
Reinsurance Sub-Industry index.
Pinnacle Financial Partners provides various
banking products and services. Headquartered in
Nashville, TN, the company will
be added to the S&P MidCap 400 GICS Regional Banks
Sub-Industry index.
Armada Hoffler Properties, a real estate investment trust
(REIT), develops, builds, owns and manages high-quality,
institutional-grade office, retail, and multifamily properties.
Headquartered in Virginia Beach,
VA, the company will be added to the S&P SmallCap 600
GICS Diversified REIT's Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX – June 19,
2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
ADDED
|
Everest Re
|
Financials
|
Reinsurance
|
DELETED
|
Mead Johnson
|
Consumer Staples
|
Packaged Foods & Meats
|
S&P MIDCAP 400 INDEX – June 19,
2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
ADDED
|
Pinnacle
Financial
|
Financials
|
Regional Banks
|
DELETED
|
Everest Re
|
Financials
|
Reinsurance
|
S&P SMALLCAP 600 INDEX – June 19,
2017
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
ADDED
|
Armada Hoffler
|
Real Estate
|
Diversified REITs
|
DELETED
|
Pinnacle
Financial
|
Financials
|
Regional Banks
|
For more information about S&P Dow Jones Indices,
please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P
500® and the Dow Jones Industrial Average®.
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SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
FOR MORE INFORMATION:
Soogyung Jordan
Global Head of
Communications
New York,
USA
(+1) 212 438
2297
soogyung.jordan@spdji.com
David
Blitzer
Managing Director and Chairman
of the Index Committee
New York, USA
(+1)
212 438 3907
david.blitzer@spglobal.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/everest-re-group-set-to-join-sp-500-pinnacle-financial-partners-to-join-sp-midcap-400-and-armada-hoffler-properties-to-join-sp-smallcap-600-300472692.html
SOURCE S&P Dow Jones Indices