Press Releases
NEW YORK, Oct. 28, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the open of trading on Friday, November 1:
- FGL Holdings (NYSE: FG) will replace LegacyTexas Financial Group Inc. (NASD: LTXB). S&P MidCap 400 constituent Prosperity Bancshares Inc. (NYSE: PB) is acquiring LegacyTexas Financial Group in a transaction expected to be completed soon pending final conditions.
- Talos Energy Inc. (NYSE: TALO) will replace C&J Energy Services Inc. (NYSE: CJ). Keane Group Inc. (NYSE: FRAC) is acquiring C&J Energy Services in a transaction expected to be completed soon pending final conditions.
FGL Holdings sells individual life insurance products and annuities. Headquartered in Grand Cayman, Cayman Islands, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Other Diversified Financial Services Sub-Industry index.
Talos Energy operates as an independent oil and gas company. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Exploration & Production Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – November 1, 2019 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | FGL Holdings | Financials | Other Diversified Financial Services |
Talos Energy | Energy | Oil & Gas Exploration & Production | |
DELETED | LegacyTexas Financial Group | Financials | Regional Banks |
C&J Energy Services | Energy | Oil & Gas Equipment & Services | |
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®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: 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:
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
Index Governance Inquiries
IGCC@spglobal.com
SOURCE S&P Dow Jones Indices
