NEW YORK, Feb. 26, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
- S&P SmallCap 600 constituent New Jersey Resources Corp. (NYSE:NJR) will replace StanCorp Financial Group Inc. (NYSE:SFG) in the S&P MidCap 400, and California Water Service Group (NYSE:CWT) will replace New Jersey Resources in the S&P SmallCap 600 after the close of trading on Monday, March 7. Meiji Yasuda Life Insurance Co. is acquiring StanCorp Financial in a deal expected to be completed on or about that date pending final conditions.
- Vera Bradley Inc. (NASD:VRA) will replace Republic Airways Holdings Inc. (NASD:RJET) in the S&P SmallCap 600 after the close of trading on Monday, February 29. Republic Airways announced that it filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code making it ineligible for continued inclusion in the S&P SmallCap 600.
New Jersey Resources Corp. provides regulated gas distribution, and retail and wholesale energy services. Headquartered in Wall, NJ, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Gas Utilities Sub-Industry index.
California Water Service Group provides water utility and other related services. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 GICS Water Utilities Sub-Industry index.
Vera Bradley designs, manufactures, and sells handbags, accessories, and luggage and travel items. Headquartered in Roanoke, IN, the company will be added to the S&P SmallCap 600 GICS Apparel, Accessories & Luxury Goods Sub-Industry index.
Following is a summary of the changes:
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S&P SMALLCAP 600 INDEX – February 29, 2016
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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Vera Bradley
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Consumer Discretionary
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Apparel, Accessories & Luxury
Goods
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DELETED
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Republic Airways
Holdings
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Industrials
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Airlines
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S&P MIDCAP 400 INDEX – March 7, 2016
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
|
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ADDED
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New Jersey
Resources
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Utilities
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Gas Utilities
|
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DELETED
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StanCorp Financial
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Financials
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Life & Health Insurance
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S&P SMALLCAP 600 INDEX – March 7, 2016
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
California Water
Services Group
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Utilities
|
Water Utilities
|
|
DELETED
|
New Jersey
Resources
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Utilities
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Gas Utilities
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Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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SOURCE S&P Dow Jones Indices