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 Video: What is a Stock Split?
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| AmTrust Financial Services, through its subsidiaries, underwrites and provides property and casualty insurance products to several customer groups that are underserved within the insurance market. Co. operating segments are: Small Commercial Business, which provides workers' compensation insurance; Specialty Risk and Extended Warranty, which provides custom designed coverages, such as accidental damage plans, mechanical breakdown protection and payment protection plans; and Specialty Program, which provides workers' compensation, general liability, commercial auto liability, property coverage, excess and surplus lines programs and other specialty commercial property and casualty insurance. According to our AFSI split history records, AFSI has had 4 splits. | |
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AFSI (AFSI) has 4 splits in our AFSI split history database. The first split for AFSI took place on December 12, 2000. This was a 2 for 1 split, meaning for each share of AFSI owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. AFSI's second split took place on August 30, 2012. This was a 11 for 10 split, meaning for each 10 shares of AFSI owned pre-split, the shareholder now owned 11 shares. For example, a 2000 share position pre-split, became a 2200 share position following the split. AFSI's third split took place on August 16, 2013. This was a 11 for 10 split, meaning for each 10 shares of AFSI owned pre-split, the shareholder now owned 11 shares. For example, a 2200 share position pre-split, became a 2420 share position following the split. AFSI's 4th split took place on February 03, 2016. This was a 2 for 1 split, meaning for each share of AFSI owned pre-split, the shareholder now owned 2 shares. For example, a 2420 share position pre-split, became a 4840 share position following the split.
When a company such as AFSI splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the AFSI split history from start to finish, an original position size of 1000 shares would have turned into 4840 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AFSI shares, starting with a $10,000 purchase of AFSI, presented on a split-history-adjusted basis factoring in the complete AFSI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/30/2015 |
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| End date: |
11/29/2018 |
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| Start price/share: |
$29.74 |
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| End price/share: |
$14.75 |
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| Starting shares: |
336.25 |
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| Ending shares: |
372.10 |
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| Dividends reinvested/share: |
$1.91 |
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| Total return: |
-45.12% |
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| Average Annual Total Return: |
-15.40% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,489.44 |
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| Years: |
3.59 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/30/2015 |
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| End date: |
11/29/2018 |
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| Start price/share: |
$29.74 |
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| End price/share: |
$14.75 |
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| Dividends collected/share: |
$1.91 |
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| Total return: |
-43.96% |
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| Average Annual Total Return: |
-14.91% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,604.32 |
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| Years: |
3.59 |
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| Date |
Ratio |
| 12/12/2000 | 2 for 1 | | 08/30/2012 | 11 for 10 | | 08/16/2013 | 11 for 10 | | 02/03/2016 | 2 for 1 |
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