S&P Announces Changes to US Indices: HRL for ACAS, TRMK for HRL, VTR for JNY, LII for HOV, SXE for LII, ACM for PMI, CPSI for ACLS, SCOR for ABCW

February 24, 2009 5:18 PM EST

S&P MidCap 400 constituent Hormel Foods Corp. (NYSE: HRL) will replace American Capital Ltd. (NASDAQ: ACAS) in the S&P 500, and Trustmark Corp. (NASDAQ: TRMK) will replace Hormel in the S&P MidCap 400. Ventas Inc. (NYSE: VTR) will replace Jones Apparel Group Inc. (NYSE: JNY) in the S&P 500. As of today’s close of trading, American Capital and Jones Apparel had market capitalizations of $306 million and $267 million respectively, ranking them 499th and 500th in the index.

S&P SmallCap 600 constituent Lennox International Inc. (NYSE: LII) will replace Hovnanian Enterprises Inc. (NYSE: HOV) in the S&P MidCap 400, and Stanley Inc. (NYSE: SXE) will replace Lennox in the S&P SmallCap 600. AECOM Technology Corp. (NYSE: ACM) will replace The PMI Group Inc. (NYSE: PMI) in the S&P MidCap 400. As of today’s close of trading, Hovnanian and PMI Group had market capitalizations of $74 million and $64 million, respectively, whereas the minimum market cap needed to be admitted to the S&P MidCap 400 index is currently $750 million.

Computer Programs and Systems Inc. (NASDAQ: CPSI) will replace Axcelis Technologies Inc. (NASDAQ: ACLS), and comScore Inc. (NASDAQ: SCOR) will replace Anchor BanCorp Wisconsin Inc. (NASDAQ: ABCW) in the S&P SmallCap 600. As of today’s close of trading, Axcelis Technologies and Anchor BanCorp had market capitalizations of $22 miilion and $19 million respectively, whereas the minimum market cap needed to be admitted to the index is currently $200 million.

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