Essent added to S&P’s MidCap 400 Index

Essent Group will replace Patterson-UTI Energy in the S&P MidCap 400 as part of a number of changes S&P Dow Jones Indices is making to its small and mid cap indices.

The changes, which take effect on June 1, will see Essent added to the S&P MidCap 400 GICS Thrifts and Mortgage Finance Sub-Industry index. Essent is a Bermuda-based provider of mortgage insurance, reinsurance and risk management products.

Patterson-UTI Energy moves to the S&P SmallCap 600 GICS Oil and Gas Drilling Sub-Industry index.