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 Video: What is a Stock Split?
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| Independence Holding is a holding company engaged in the health, pet and life insurance business. Co. operates through its insurance carriers: Standard Security Life Insurance Company of New York, Madison National Life Insurance Company, Inc. and Independence American Insurance Company, which underwrite specialty health, pet, group life and short-term and long-term disability products; and its Specialty Benefits division, which comprised of specialty health and pet divisions. Co.'s business segments are: Specialty Health; Group disability, life, New York short-term disability and paid family leave rider, and corporate. Co.'s individual life, annuities and other segment is in run-off. According to our IHC split history records, IHC has had 2 splits. | |
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IHC (IHC) has 2 splits in our IHC split history database. The first split for IHC took place on February 15, 2012. This was a 11 for 10 split, meaning for each 10 shares of IHC owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. IHC's second split took place on July 06, 2004. This was a 9 for 5 split, meaning for each 5 shares of IHC owned pre-split, the shareholder now owned 9 shares. For example, a 1100 share position pre-split, became a 1980 share position following the split.
When a company such as IHC 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 IHC split history from start to finish, an original position size of 1000 shares would have turned into 1980 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into IHC shares, starting with a $10,000 purchase of IHC, presented on a split-history-adjusted basis factoring in the complete IHC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/01/2015 |
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| End date: |
02/15/2022 |
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| Start price/share: |
$12.65 |
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| End price/share: |
$57.01 |
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| Starting shares: |
790.51 |
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| Ending shares: |
838.78 |
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| Dividends reinvested/share: |
$1.99 |
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| Total return: |
378.19% |
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| Average Annual Total Return: |
25.88% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$47,830.60 |
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| Years: |
6.80 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/01/2015 |
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| End date: |
02/15/2022 |
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| Start price/share: |
$12.65 |
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| End price/share: |
$57.01 |
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| Dividends collected/share: |
$1.99 |
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| Total return: |
366.44% |
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| Average Annual Total Return: |
25.42% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$46,654.57 |
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| Years: |
6.80 |
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| Date |
Ratio |
| 02/15/2012 | 11 for 10 | | 07/06/2004 | 9 for 5 |
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