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 Video: What is a Stock Split?
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| Erie Indemnity Co. serves as the attorney-in-fact for the subscribers at the Erie Insurance Exchange (Exchange). The Exchange is a reciprocal insurer that writes property and casualty insurance. The Exchange has wholly owned property and casualty subsidiaries, including Erie Insurance Co., Erie Insurance Co. of New York, Erie Insurance Property & Casualty Co., and Flagship City Insurance Co.. The Exchange also has a wholly owned life insurance company, Erie Family Life Insurance Co. (EFL). Its primary function as attorney-in-fact is to perform policy issuance and renewal services on behalf of the subscribers at the Exchange. According to our ERIE split history records, Erie Indemnity has had 1 split. | |
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Erie Indemnity (ERIE) has 1 split in our ERIE split history database. The split for ERIE took place on May 13, 1996. This was a 3 for 1
split, meaning for each share of ERIE 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.
When a company such as Erie Indemnity 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 ERIE split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Erie Indemnity shares, starting with a $10,000 purchase of ERIE, presented on a split-history-adjusted basis factoring in the complete ERIE 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: |
04/28/2025 |
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| Start price/share: |
$82.75 |
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| End price/share: |
$347.33 |
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| Starting shares: |
120.85 |
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| Ending shares: |
152.48 |
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| Dividends reinvested/share: |
$41.40 |
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| Total return: |
429.62% |
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| Average Annual Total Return: |
18.13% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$52,941.99 |
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| Years: |
10.00 |
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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: |
04/28/2025 |
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| Start price/share: |
$82.75 |
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| End price/share: |
$347.33 |
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| Dividends collected/share: |
$41.40 |
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| Total return: |
369.77% |
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| Average Annual Total Return: |
16.73% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$46,990.38 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/13/1996 | 3 for 1
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