NEW YORK, July 7, 2015 /PRNewswire/ -- LendingTree Inc. (NASD: TREE) will replace Meadowbrook Insurance Group Inc. (NYSE: MIG) in the S&P SmallCap 600 after the close of trading on Thursday, July 9. Fosun International Limited is acquiring Meadowbrook Insurance Group in a deal that closed today.
LendingTree operates an online loan marketplace for consumers. Headquartered in Charlotte, NC, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Thrifts & Mortgage Finance Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – July 9, 2015 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
LendingTree |
Financials |
Thrifts & Mortgage Finance |
DELETED |
Meadowbrook Insurance Group |
Financials |
Property & Casualty Insurance |
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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