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May 26, 2020, 6:17 p.m. EDT

Essent Group Set to Join S&P MidCap 400; Coherus BioSciences, Patterson-UTI Energy to Join S&P SmallCap 600

NEW YORK, May 26, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Monday, June 1:

Coherus Biosciences is a biotherapeutics company that focuses on the biosimilar market. Headquartered in Redwood City, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Biotechnology Sub-Industry index.

Essent Group offers mortgage insurance, reinsurance, and risk management products. Headquartered in Hamilton, Bermuda, the company will be added to the S&P MidCap 400 GICS Thrifts & Mortgage Finance Sub-Industry index.

Patterson-UTI Energy is a provider of oilfield services and products. Headquartered in Houston,TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Drilling Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – JUNE 1, 2020

COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Essent Group Financials Thrifts & Mortgage Finance
DELETED Patterson-UTI Energy Energy Oil & Gas Drilling

 

S&P SMALLCAP 600 INDEX –JUNE 1, 2020

COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Coherus Biosciences Health Care Biotechnology

Patterson-UTI Energy Energy Oil & Gas Drilling
DELETED Opus Bank Financials Regional Banks

Noble Corp Energy Oil & Gas Drilling

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 /zigman2/quotes/208931849/composite SPGI -0.26% , 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

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SOURCE S&P Dow Jones Indices

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/zigman2/quotes/208931849/composite
US : U.S.: NYSE
$ 351.81
-0.91 -0.26%
Volume: 821,104
July 10, 2020 4:00p
P/E Ratio
36.75
Dividend Yield
0.76%
Market Cap
$84.97 billion
Rev. per Employee
$295,189
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