Brown & Brown’s stock will move from the S&P MidCap 400 index to the primary S&P 500 as of Sept. 20, S&P Dow Jones Indices announced.
The changes will be effective prior to trading Sept. 20, 2021, to coincide with the quarterly rebalance, the company stated.
“Brown & Brown is honored to be recognized as a constituent of the S&P 500,” stated J. Powell Brown, president and CEO. “Our consistent track record of company growth over the past 82 years, both organically and through strategic acquisitions, has positioned us to be included in the S&P 500 index. We could not have achieved this honor without the dedication of our talented teammates, our broad and diverse customer base and our carrier partners. We look forward to further growth in the coming years.”
Ceridian HCM Holding Inc. will move with Brown & Brown Inc. from the MidCap 400 to the S&P 500. The stocks will replace Unum Group and NOV Inc., both of which will move to the S&P MidCap 400.
The moves, along with others also involving the S&P SmallCap 600, ensure each index is more representative of its market capitalization range, S&P Dow Jones Indices stated.
