Brighthouse Financial to Replace AutoNation in S&P 500

NEW YORK – Brighthouse Financial Inc. (NASD: BHF) will be added to the S&P 500 index prior to the open of trading on Monday, August 7. The company replaces AutoNation Inc. (NYSE: AN), which will be removed from the S&P 500 effective prior to the open on Tuesday, August 8.

AutoNation will replace FTI Consulting Inc. (NYSE: FCN) in the S&P MidCap 400, and FTI Consulting will replace Northern Oil and Gas Inc. (NYSE American: NOG) in the S&P SmallCap 600 effective prior to the open on August 8. S&P 100 & 500 constituent MetLife Inc. (NYSE: MET) is spinning off Brighthouse Financial in a transaction expected to be completed after the close of trading on Friday, August 4 pending final conditions.

Post spin-off, MetLife will remain in the S&P 100 & 500. AutoNation and FTI Consulting are ranked near the bottom of the S&P 500 & S&P MidCap 400 respectively, and are more representative of the mid-cap and small-cap market spaces. Northern Oil and Gas is ranked near the bottom of the S&P SmallCap 600 and is no longer representative of the small-cap market space.

Brighthouse Financial provides life insurance and annuity solutions. Headquartered in Charlotte, NC, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Life & Health Insurance Sub-Industry index.

AutoNation operates as an automotive retailer. Headquartered in Fort Lauderdale, FL, the company will be added to the S&P MidCap 400 GICS Automotive Retail Sub-Industry index.

FTI Consulting provides business advisory services to manage change, mitigate risk, and resolve disputes. Headquartered in Washington, D.C., the company will be added to the S&P SmallCap 600 GICS Research & Consulting Services Sub- Industry index.

Following is a summary of the changes:

S&P 500 INDEX – August 7, 2017

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Brighthouse Financial

Financials

Life & Health Insurance

S&P 500 INDEX – August 8, 2017

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

DELETED

AutoNation

Consumer Discretionary

Automotive Retail

S&P MIDCAP 400 INDEX – August 8, 2017

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

AutoNation

Consumer Discretionary

Automotive Retail

DELETED

FTI Consulting

Industrials

Research & Consulting Services

S&P SmallCap 600 INDEX – August 8, 2017

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

FTI Consulting

Industrials

Research & Consulting Services

DELETED

Northern Oil & Gas

Energy

Oil & Gas Exploration & Production