NEW YORK, Sept. 11, 2018 /PRNewswire/ -- S&P MidCap 400
constituent WellCare Health Plans, Inc. (NYSE: WCG) will replace XL
Group (NYSE: XL) in the S&P 500, S&P SmallCap 600
constituent HealthEquity Inc. (NASD: HQY) will replace WellCare
Health Plans in the S&P MidCap 400 and Laredo Petroleum, Inc.
(NYSE: LPI) will replace HealthEquity in the S&P SmallCap 600
effective prior to the open of trading on Monday, September 17. AXA
SA is acquiring XL Group in a deal expected to close on
September 12.
WellCare Health Plans provides managed care services for
government-sponsored health care programs. Headquartered in
Tampa, FL, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Managed Health Care Sub-Industry index.
HealthEquity provides various solutions for managing health care
accounts, health reimbursement arrangements, and flexible spending
accounts for health plans, insurance companies, and third-party
administrators. Headquartered in Draper,
UT, the company will be added to the S&P MidCap 400 GICS
Managed Health Care Sub-Industry index.
Laredo Petroleum is an independent energy company that focuses
on the acquisition, exploration and development of oil and natural
gas properties and midstream and marketing services. Headquartered
in Tulsa, OK, 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 500 INDEX
– September 17, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
WellCare
Health Plans
|
Health
Care
|
Managed Health
Care
|
DELETED
|
XL Group
|
Financials
|
Property &
Casualty
Insurance
|
S&P MIDCAP 400
INDEX – September 17, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
HealthEquity
|
Health
Care
|
Managed Health
Care
|
DELETED
|
WellCare
Health Plans
|
Health
Care
|
Managed Health
Care
|
S&P SMALLCAP
600 INDEX – September 17, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Laredo
Petroleum
|
Energy
|
Oil & Gas
Exploration &
Production
|
DELETED
|
HealthEquity
|
Health
Care
|
Managed Health
Care
|
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SOURCE S&P Dow Jones Indices