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December 20, 2004
Tower Group, Inc. Added To the Russell 3000 and 2000 Indexes
Tower Group, Inc., a specialized property and casualty insurer based in New York, announced that its stock has been added to the Russell 3000 and 2000 Indexes as of today. The Russell 3000 Index, compiled by the Frank Russell Company, is a ranking of the largest 3,000 U.S. stocks, as measured by market capitalization. Of these companies, the largest 1,000 comprise the Russell 1000 while the remaining 2,000 companies become the widely-used Russell 2000. At the close of trading on December 16, 2004, Tower Group's market capitalization was approximately $221 million.
Posted by Tom Troceen