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 Video: What is a Stock Split?
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| Selective Insurance Group is a holding company. Through its subsidiaries, Co. provides standard commercial, standard personal, and excess and surplus (E&S) lines property and casualty insurance products. Co.'s segments include: Standard Commercial Lines, which is comprised of property and casualty insurance products and services provided to commercial enterprises; Standard Personal Lines, which is comprised of property and casualty insurance products and services provided to individuals in the standard marketplace; and E&S Lines, which is comprised of property and casualty insurance products and services provided to customers who are unable to obtain coverage in the standard marketplace. According to our SIGI split history records, Selective Insurance Group has had 2 splits. | |
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Selective Insurance Group (SIGI) has 2 splits in our SIGI split history database. The first split for SIGI took place on December 02, 1997. This was a 2 for 1
split, meaning for each share of SIGI 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. SIGI's second split took place on February 21, 2007. This was a 2 for 1 split, meaning for each share of SIGI 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.
When a company such as Selective Insurance Group 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 SIGI split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Selective Insurance Group shares, starting with a $10,000 purchase of SIGI, presented on a split-history-adjusted basis factoring in the complete SIGI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/05/2013 |
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| End date: |
06/02/2023 |
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| Start price/share: |
$22.96 |
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| End price/share: |
$98.98 |
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| Starting shares: |
435.54 |
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| Ending shares: |
508.64 |
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| Dividends reinvested/share: |
$7.91 |
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| Total return: |
403.45% |
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| Average Annual Total Return: |
17.55% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$50,354.00 |
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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: |
06/05/2013 |
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| End date: |
06/02/2023 |
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| Start price/share: |
$22.96 |
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| End price/share: |
$98.98 |
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| Dividends collected/share: |
$7.91 |
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| Total return: |
365.55% |
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| Average Annual Total Return: |
16.63% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$46,550.00 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/02/1997 | 2 for 1
| | 02/21/2007 | 2 for 1 |
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