Match Group, Ceridian HCM and Brown & Brown Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK, Sept. 3, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following index adjustments to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 to ensure each index is more representative of its market capitalization range. The changes will be effective prior to the open of trading on Monday, September 20, 2021 to coincide with the quarterly rebalance:
Match Group Inc. (NASD:MTCH) will replace Perrigo Company plc (NYSE:PRGO) in the S&P 500, Perrigo Company will replace WW International Inc. (NASD:WW) in the S&P MidCap 400, and WW International will replace Team Inc (NYSE:TISI) in the S&P SmallCap 600. Team has a market capitalization that is no longer representative of the small-cap market space.
S&P MidCap 400 constituents Ceridian HCM Holding Inc. (NYSE:CDAY), and Brown & Brown Inc. (NYSE:BRO) will move to the S&P 500, replacing Unum Group (NYSE:UNM) and NOV Inc. (NYSE:NOV) both of which will move to the S&P MidCap 400.
Tandem Diabetes Care Inc. (NASD:TNDM) will replace Healthcare Services Group Inc. (NASD:HCSG) in the S&P MidCap 400, and Healthcare Services Group will replace MicroStrategy Inc. (NASD:MSTR) in the S&P SmallCap 600. UNIQURE N.V. (NASD:QURE) will replace United Insurance Holdings Corp. (NASD:UIHC) in the S&P SmallCap 600. MicroStrategy is no longer appropriate for the S&P SmallCap 600, and United Insurance Holdings has a market capitalization that is no longer representative of the small-cap market space.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
Sept. 20, 2021 | S&P 500 | Addition | Ceridian HCM Holding | CDAY | Information Technology |
S&P 500 | Addition | Brown & Brown | BRO | Financials | |
S&P 500 | Addition | Match Group | MTCH | Communication Services | |
S&P 500 | Deletion | Unum Group | UNM | Financials | |
S&P 500 | Deletion | NOV | NOV | Energy | |
S&P 500 | Deletion | Perrigo Company | PRGO | Health Care | |
S&P MidCap 400 | Addition | Unum Group | UNM | Financials | |
S&P MidCap 400 | Addition | NOV | NOV | Energy | |
S&P MidCap 400 | Addition | Perrigo Company | PRGO | Health Care | |
S&P MidCap 400 | Addition | Tandem Diabetes Care | TNDM | Health Care | |
S&P MidCap 400 | Deletion | Ceridian HCM Holding | CDAY | Information Technology | |
S&P MidCap 400 | Deletion | Brown & Brown Inc | BRO | Financials | |
S&P MidCap 400 | Deletion | WW International | WW | Consumer Discretionary | |
S&P MidCap 400 | Deletion | Healthcare Services Group | HCSG | Industrials | |
S&P SmallCap 600 | Addition | WW International | WW | Consumer Discretionary | |
S&P SmallCap 600 | Addition | UNIQURE N.V. | QURE | Health Care | |
S&P SmallCap 600 | Addition | Healthcare Services Group | HCSG | Industrials | |
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
Sept. 20, 2021 | S&P SmallCap 600 | Deletion | Team | TISI | Industrials |
S&P SmallCap 600 | Deletion | United Insurance Holdings | UIHC | Financials | |
S&P SmallCap 600 | Deletion | MicroStrategy | MSTR | Information Technology |
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