KBW Comments On S&P Sharecount Changes (SLM, AIZ, PJC)

After the close on Wed. 3/2, S&P announced weekly sharecount changes impacting three financial companies that will be effective after the close on Wed. 3/9, KBW reports. “S&P is increasing the sharecount of SLM Corporation SLM and decreasing the sharecount of Assurant Inc. AIZ in the S&P 500 Index, and decreasing the sharecount of Piper Jaffray PJC in the S&P 600,” KBW writes. “We estimate the amount of shares that need to be bought and sold by S&P index funds as a result of these sharecount changes.” SLM Corporation closed Wednesday at $14.51; Piper Jaffray closed at $41.32; Assurant Inc. closed at $39.45.