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 Video: What is a Stock Split?
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| Centene is an insurance holding company. Through its subsidiaries, Co. provides services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Co. also provides education and outreach programs to inform and assist members in accessing healthcare services. Co. operates in two segments: Managed Care and Specialty Services. Co.'s Managed Care segment provides health plan coverage to individuals through government subsidized and commercial programs. Co.'s Specialty Services segment includes companies providing healthcare services and products to its Managed Care segment and other external customers. According to our CNC split history records, Centene has had 7 splits. | |
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Centene (CNC) has 7 splits in our CNC split history database. The first split for CNC took place on July 02, 1991. This was a 2 for 1
split, meaning for each share of CNC 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. CNC's second split took place on April 02, 1992. This was a 2 for 1
split, meaning for each share of CNC owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. CNC's third split took place on April 02, 1996. This was a 2 for 1
split, meaning for each share of CNC owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. CNC's 4th split took place on February 12, 1997. This was a 2 for 1
split, meaning for each share of CNC owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split. CNC's 5th split took place on December 20, 2004. This was a 2 for 1 split, meaning for each share of CNC owned pre-split, the shareholder now owned 2 shares. For example, a 16000 share position pre-split, became a 32000 share position following the split. CNC's 6th split took place on February 20, 2015. This was a 2 for 1 split, meaning for each share of CNC owned pre-split, the shareholder now owned 2 shares. For example, a 32000 share position pre-split, became a 64000 share position following the split. CNC's 7th split took place on February 07, 2019. This was a 2 for 1 split, meaning for each share of CNC owned pre-split, the shareholder now owned 2 shares. For example, a 64000 share position pre-split, became a 128000 share position following the split.
When a company such as Centene 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 CNC split history from start to finish, an original position size of 1000 shares would have turned into 128000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Centene shares, starting with a $10,000 purchase of CNC, presented on a split-history-adjusted basis factoring in the complete CNC split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/12/2011 |
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| End date: |
05/11/2021 |
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| Start price/share: |
$8.64 |
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| End price/share: |
$68.06 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
687.73% |
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| Average Annual Total Return: |
22.91% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$78,770.40 |
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| Years: |
10.01 |
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| Date |
Ratio |
| 07/02/1991 | 2 for 1
| | 04/02/1992 | 2 for 1
| | 04/02/1996 | 2 for 1
| | 02/12/1997 | 2 for 1
| | 12/20/2004 | 2 for 1 | | 02/20/2015 | 2 for 1 | | 02/07/2019 | 2 for 1 |
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