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 Video: What is a Stock Split?
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| Baldwin & Lyons engages in marketing and underwriting property and casualty insurance and the assumption of property and casualty reinsurance. Co. has two segments. The property and casualty insurance segment provides multiple line insurance coverage mainly to fleet transportation companies and independent contractors who contract with fleet transportation companies, and individual personal automobile coverage, professional liability coverages and business owners' and commercial property policies. The reinsurance segment accepts cessions from other insurance companies and retrocessions from selected reinsurance companies, providing property catastrophe and casualty reinsurance coverages. According to our BWINA split history records, BWINA has had 2 splits. | |
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BWINA (BWINA) has 2 splits in our BWINA split history database. The first split for BWINA took place on December 02, 1993. This was a 3 for 1
split, meaning for each share of BWINA owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. BWINA's second split took place on March 04, 2003. This was a 5 for 4 split, meaning for each 4 shares of BWINA owned pre-split, the shareholder now owned 5 shares. For example, a 3000 share position pre-split, became a 3750 share position following the split.
When a company such as BWINA 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 BWINA split history from start to finish, an original position size of 1000 shares would have turned into 3750 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BWINA shares, starting with a $10,000 purchase of BWINA, presented on a split-history-adjusted basis factoring in the complete BWINA split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
03/07/2011 |
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| End date: |
07/31/2018 |
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| Start price/share: |
$22.00 |
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| End price/share: |
$23.55 |
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| Starting shares: |
454.55 |
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| Ending shares: |
622.27 |
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| Dividends reinvested/share: |
$7.43 |
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| Total return: |
46.54% |
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| Average Annual Total Return: |
5.30% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,656.54 |
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| Years: |
7.40 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/07/2011 |
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| End date: |
07/31/2018 |
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| Start price/share: |
$22.00 |
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| End price/share: |
$23.55 |
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| Dividends collected/share: |
$7.43 |
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| Total return: |
40.82% |
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| Average Annual Total Return: |
4.73% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,079.30 |
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| Years: |
7.40 |
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| Date |
Ratio |
| 12/02/1993 | 3 for 1
| | 03/04/2003 | 5 for 4 |
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