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Video: What is a Stock Split?
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Alleghany is an insurance holding company. Through its wholly-owned subsidiary, Transatlantic Holdings, Inc., Co. is engaged in the property and casualty reinsurance business. In addition, through its other wholly-owned subsidiary, Alleghany Insurance Holdings LLC, Co. is engaged in the property and casualty insurance business. In addition, Co. owns certain other holding company investments. Co.'s wholly-owned subsidiary, Alleghany Properties Holdings LLC, owns and manages certain properties in the Sacramento, CA region. Co.'s public equity investments are managed through its wholly-owned subsidiary, Roundwood Asset Management LLC. According to our Y split history records, Y has had 11 splits. | |
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Y (Y) has 11 splits in our Y split history database. The first split for Y took place on July 01, 1987. Y's second split took place on March 27, 1997. This was a 51 for 50
split, meaning for each 50
shares of Y owned pre-split, the shareholder now owned 51 shares. For example, a 1000 share position pre-split, became a 1020 share position following the split. Y's third split took place on March 30, 1999. This was a 102 for 100
split, meaning for each 100
shares of Y owned pre-split, the shareholder now owned 102 shares. For example, a 1020 share position pre-split, became a 1040.4 share position following the split. Y's 4th split took place on March 30, 2000. This was a 102 for 100
split, meaning for each 100
shares of Y owned pre-split, the shareholder now owned 102 shares. For example, a 1040.4 share position pre-split, became a 1061.208 share position following the split. Y's 5th split took place on March 29, 2001. This was a 102 for 100 split, meaning for each 100 shares of Y owned pre-split, the shareholder now owned 102 shares. For example, a 1061.208 share position pre-split, became a 1082.43216 share position following the split. Y's 6th split took place on March 27, 2002. This was a 102 for 100 split, meaning for each 100 shares of Y owned pre-split, the shareholder now owned 102 shares. For example, a 1082.43216 share position pre-split, became a 1104.0808032 share position following the split. Y's 7th split took place on March 28, 2003. This was a 102 for 100 split, meaning for each 100 shares of Y owned pre-split, the shareholder now owned 102 shares. For example, a 1104.0808032 share position pre-split, became a 1126.162419264 share position following the split. Y's 8th split took place on March 30, 2004. This was a 102 for 100 split, meaning for each 100 shares of Y owned pre-split, the shareholder now owned 102 shares. For example, a 1126.162419264 share position pre-split, became a 1148.68566764928 share position following the split. Y's 9th split took place on March 30, 2005. This was a 102 for 100 split, meaning for each 100 shares of Y owned pre-split, the shareholder now owned 102 shares. For example, a 1148.68566764928 share position pre-split, became a 1171.65938100227 share position following the split. Y's 10th split took place on March 30, 2006. This was a 102 for 100 split, meaning for each 100 shares of Y owned pre-split, the shareholder now owned 102 shares. For example, a 1171.65938100227 share position pre-split, became a 1195.09256862231 share position following the split. Y's 11th split took place on March 30, 2010. This was a 50 for 49 split, meaning for each 49 shares of Y owned pre-split, the shareholder now owned 50 shares. For example, a 1195.09256862231 share position pre-split, became a 1219.48221287991 share position following the split.
When a company such as Y 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 Y split history from start to finish, an original position size of 1000 shares would have turned into 1219.48221287991 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Y shares, starting with a $10,000 purchase of Y, presented on a split-history-adjusted basis factoring in the complete Y split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
03/20/2014 |
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End date: |
10/28/2022 |
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Start price/share: |
$402.57 |
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End price/share: |
$847.79 |
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Starting shares: |
24.84 |
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Ending shares: |
25.78 |
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Dividends reinvested/share: |
$25.00 |
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Total return: |
118.57% |
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Average Annual Total Return: |
9.50% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$21,852.51 |
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Years: |
8.61 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/20/2014 |
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End date: |
10/28/2022 |
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Start price/share: |
$402.57 |
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End price/share: |
$847.79 |
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Dividends collected/share: |
$25.00 |
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Total return: |
116.80% |
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Average Annual Total Return: |
9.40% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$21,681.21 |
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Years: |
8.61 |
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Date |
Ratio |
07/01/1987 | 1 for 1 | 03/27/1997 | 51 for 50
| 03/30/1999 | 102 for 100
| 03/30/2000 | 102 for 100
| 03/29/2001 | 102 for 100 | 03/27/2002 | 102 for 100 | 03/28/2003 | 102 for 100 | 03/30/2004 | 102 for 100 | 03/30/2005 | 102 for 100 | 03/30/2006 | 102 for 100 | 03/30/2010 | 50 for 49 |
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