NEW YORK, Nov. 27, 2019 /PRNewswire/ -- S&P MidCap
400 constituent W.R. Berkley Corp. (NYSE:WRB) will replace Viacom
Inc. (NASD:VIAB) in the S&P 500, S&P SmallCap 600
constituent RLI Corp. (NYSE:RLI) will replace W.R. Berkley in the
S&P MidCap 400, and The St. Joe Co. (NYSE:JOE) will replace RLI
in the S&P SmallCap 600 prior to the open of trading on
Thursday, December 5. S&P 500 constituent CBS Corp.
(NYSE:CBS) is acquiring Viacom in a deal expected to be completed
soon pending final conditions. Post acquisition, CBS will change
its name to ViacomCBS Inc. and will trade on the NASDAQ stock
exchange under ticker VIAC.
W.R. Berkley is an insurance holding company. Headquartered in
Greenwich, CT, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Property & Casualty Insurance Sub-Industry index.
RLI underwrites property and casualty insurance. Headquartered
in Peoria, IL, the company will be
added to the S&P MidCap 400 GICS Property & Casualty
Insurance Sub-Industry index.
The St. Joe Company operates as a real estate development, asset
management and operating company. Headquartered in Watersound, FL,
the company will be added to the S&P SmallCap 600 GICS
Diversified Real Estate Activities Sub-Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX
– December 5, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
W.R.
Berkley
|
Financials
|
Property &
Casualty
Insurance
|
|
DELETED
|
Viacom
|
Communication
Services
|
Movies &
Entertainment
|
|
S&P MidCap 400
INDEX – December 5, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
RLI
|
Financials
|
Property &
Casualty
Insurance
|
|
DELETED
|
W.R.
Berkley
|
Financials
|
Property &
Casualty
Insurance
|
|
S&P SmallCap
600 INDEX – December 5, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
The St. Joe
Company
|
Real
Estate
|
Diversified Real
Estate
Activities
|
|
DELETED
|
RLI
|
Financials
|
Property &
Casualty
Insurance
|
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
View original
content:http://www.prnewswire.com/news-releases/wr-berkley-set-to-join-sp-500-rli-to-join-sp-midcap-400-the-st-joe-company-to-join-sp-smallcap-600-300966435.html
SOURCE S&P Dow Jones Indices
