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Texas Capital Bancshares and The Michael Companies Set to Join S&P MidCap 400; DSW and WisdomTree Investments to Join S&P SmallCap 600

NEW YORK, March 24, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Wednesday, March 29:

  • S&P SmallCap 600 constituent Texas Capital Bancshares Inc. (TCBI) will replace Endurance Specialty Holdings Ltd. (ENH) in the S&P MidCap 400, and DSW Inc. (DSW) will replace Texas Capital Bancshares in the S&P SmallCap 600. SOMPO Holdings Inc. is acquiring Endurance Specialty Holdings in a deal expected to be completed soon pending final conditions.
  • S&P MidCap 400 constituent WisdomTree Investments Inc. (WETF) will replace Surgical Care Affiliates Inc. (SCAI) in the S&P SmallCap 600, and The Michaels Companies Inc. (MIK) will replace WisdomTree Investments in the S&P MidCap 400. S&P 100 & 500 constituent UnitedHealth Group Inc. (UNH) acquired Surgical Care Affiliates in a deal completed today.

Texas Capital Bancshares provides various banking products and services. Headquartered in Dallas, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.

DSW operates as a branded footwear and accessories retailer. Headquartered in Columbus, OH, the company will be added to the S&P SmallCap 600 GICS Apparel Retail Sub-Industry index.

WisdomTree Investments operates as an exchange-traded funds sponsor and asset manager. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Asset Management & Custody Banks Sub-Industry index.

The Michaels Companies owns and operates arts and crafts specialty retail stores. Headquartered in Irving, TX, the company will be added to the S&P MidCap 400 GICS Specialty Stores Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – March 29, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Texas Capital
Bancshares

Financials

Regional Banks


The Michaels
Company

Consumer Discretionary

Specialty Stores

DELETED

Endurance
Specialty
Holdings

Consumer Discretionary

Consumer Electronics


WisdomTree
Investments

Financials

Asset Management &
Custody Banks

 

S&P SMALLCAP 600 INDEX – MARCH 29, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

DSW

Consumer Discretionary

Apparel Retail


WisdomTree
Investments

Financials

Asset Management &
Custody Banks

DELETED

Texas Capital
Bancshares

Financials

Regional Banks


Surgical Care
Affiliates

Health Care

Health Care Facilities

For more information about S&P Dow Jones Indices, please visit www.spdji.com.

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S&P Dow Jones Indices is a division of S&P Global (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:

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

 

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