S&P GLOBAL, INC. 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 Financials Regional Banks
Financial
--- ---------
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 Financials Regional Banks
Financial
--- ---------
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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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
