Press Releases
NEW YORK, July 31, 2017 /PRNewswire/ -- Brighthouse Financial Inc. (NASD: BHF) will be added to the S&P 500 effective prior to the open on Monday, August 7, replacing AutoNation Inc. (NYSE: AN), which will be removed from the S&P 500 effective prior to the open on Tuesday, August 8. AutoNation will replace FTI Consulting Inc. (NYSE: FCN) in the S&P MidCap 400, and FTI Consulting will replace Northern Oil and Gas Inc. (NYSE American: NOG) in the S&P SmallCap 600 effective prior to the open on August 8. S&P 100 & 500 constituent MetLife Inc. (NYSE: MET) is spinning off Brighthouse Financial in a transaction expected to be completed after the close of trading on Friday, August 4 pending final conditions. Post spin-off, MetLife will remain in the S&P 100 & 500. AutoNation and FTI Consulting are ranked near the bottom of the S&P 500 & S&P MidCap 400 respectively, and are more representative of the mid-cap and small-cap market spaces. Northern Oil and Gas is ranked near the bottom of the S&P SmallCap 600 and is no longer representative of the small-cap market space.
Brighthouse Financial provides life insurance and annuity solutions. Headquartered in Charlotte, NC, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Life & Health Insurance Sub-Industry index.
AutoNation operates as an automotive retailer. Headquartered in Fort Lauderdale, FL, the company will be added to the S&P MidCap 400 GICS Automotive Retail Sub-Industry index.
FTI Consulting provides business advisory services to manage change, mitigate risk, and resolve disputes. Headquartered in Washington, D.C., the company will be added to the S&P SmallCap 600 GICS Research & Consulting Services Sub- Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX – August 7, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Brighthouse Financial |
Financials |
Life & Health Insurance |
|
S&P 500 INDEX – August 8, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
DELETED |
AutoNation |
Consumer Discretionary |
Automotive Retail |
|
S&P MIDCAP 400 INDEX – August 8, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
AutoNation |
Consumer Discretionary |
Automotive Retail |
|
DELETED |
FTI Consulting |
Industrials |
Research & Consulting Services |
|
S&P SmallCap 600 INDEX – August 8, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
FTI Consulting |
Industrials |
Research & Consulting Services |
|
DELETED |
Northern Oil & Gas |
Energy |
Oil & Gas Exploration & Production |
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