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 Video: What is a Stock Split?
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| Citizens is an insurance holding company. Through its insurance subsidiaries, Co. provides insurance products. Co. operates in two business segments: Life Insurance and Home Service Insurance. Co.'s Life Insurance segment primarily operates through its subsidiary, CICA Life Ltd., which issues ordinary whole life insurance in U.S. dollar-denominated amounts to non-U.S. residents. Co. operates its domestic Home Service Insurance segment only in the U.S. through its subsidiaries, Security Plan Life Insurance Company, Magnolia Guaranty Life Insurance Company and Security Plan Fire Insurance Company. These companies focus on final expense life insurance needs of middle- and lower-income markets. According to our CIA split history records, Citizens has had 6 splits. | |
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Citizens (CIA) has 6 splits in our CIA split history database. The first split for CIA took place on November 29, 1999. This was a 107 for 100
split, meaning for each 100
shares of CIA owned pre-split, the shareholder now owned 107 shares. For example, a 1000 share position pre-split, became a 1070 share position following the split. CIA's second split took place on November 29, 2000. This was a 107 for 100 split, meaning for each 100 shares of CIA owned pre-split, the shareholder now owned 107 shares. For example, a 1070 share position pre-split, became a 1144.9 share position following the split. CIA's third split took place on April 29, 2002. This was a 115 for 100 split, meaning for each 100 shares of CIA owned pre-split, the shareholder now owned 115 shares. For example, a 1144.9 share position pre-split, became a 1316.635 share position following the split. CIA's 4th split took place on November 26, 2003. This was a 107 for 100 split, meaning for each 100 shares of CIA owned pre-split, the shareholder now owned 107 shares. For example, a 1316.635 share position pre-split, became a 1408.79945 share position following the split. CIA's 5th split took place on November 29, 2004. This was a 107 for 100 split, meaning for each 100 shares of CIA owned pre-split, the shareholder now owned 107 shares. For example, a 1408.79945 share position pre-split, became a 1507.4154115 share position following the split. CIA's 6th split took place on December 13, 2005. This was a 107 for 100 split, meaning for each 100 shares of CIA owned pre-split, the shareholder now owned 107 shares. For example, a 1507.4154115 share position pre-split, became a 1612.934490305 share position following the split.
When a company such as Citizens 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 CIA split history from start to finish, an original position size of 1000 shares would have turned into 1612.934490305 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Citizens shares, starting with a $10,000 purchase of CIA, presented on a split-history-adjusted basis factoring in the complete CIA split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/29/2014 |
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| End date: |
04/26/2024 |
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| Start price/share: |
$6.54 |
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| End price/share: |
$2.08 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-68.20% |
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| Average Annual Total Return: |
-10.82% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$3,181.81 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/29/1999 | 107 for 100
| | 11/29/2000 | 107 for 100 | | 04/29/2002 | 115 for 100 | | 11/26/2003 | 107 for 100 | | 11/29/2004 | 107 for 100 | | 12/13/2005 | 107 for 100 |
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