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Video: What is a Stock Split?
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SiriusPoint is a holding company. Through its reinsurance subsidiaries, Co. provides property and casualty reinsurance products to insurance and reinsurance companies. Co. has one segment: Property and Casualty Reinsurance. Co.'s Property and Casualty Reinsurance segment products include: property catastrophe, which is comprised of excess of loss and/or proportional coverages to insurance and reinsurance companies and provides protection to an insured for losses from a single catastrophic event or series of events; other property, which consists of exposure to homeowners' and commercial lines insurance coverage; and auto, which consists of personal and commercial automobile insurance. According to our SiriusPoint stock split history records, SiriusPoint has had 4 splits. | |
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SiriusPoint (SPNT) has 4 splits in our SiriusPoint stock split history database. The first split for SPNT took place on February 05, 1998. This was a 1 for 3
reverse split, meaning for each 3
shares of SPNT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split. SPNT's second split took place on February 08, 1999. This was a 2 for 1
split, meaning for each share of SPNT owned pre-split, the shareholder now owned 2 shares. For example, a 333.333333333333 share position pre-split, became a 666.666666666667 share position following the split. SPNT's third split took place on January 18, 2000. This was a 11 for 10
split, meaning for each 10
shares of SPNT owned pre-split, the shareholder now owned 11 shares. For example, a 666.666666666667 share position pre-split, became a 733.333333333333 share position following the split. SPNT's 4th split took place on May 17, 2000. This was a 5 for 4
split, meaning for each 4
shares of SPNT owned pre-split, the shareholder now owned 5 shares. For example, a 733.333333333333 share position pre-split, became a 916.666666666667 share position following the split.
When a company such as SiriusPoint 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. When a company such as SiriusPoint conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the SiriusPoint stock split history from start to finish, an original position size of 1000 shares would have turned into 916.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SiriusPoint shares, starting with a $10,000 purchase of SPNT, presented on a split-history-adjusted basis factoring in the complete SiriusPoint stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
05/06/2014 |
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End date: |
05/03/2024 |
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Start price/share: |
$15.40 |
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End price/share: |
$12.09 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-21.49% |
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Average Annual Total Return: |
-2.39% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$7,851.33 |
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Years: |
10.00 |
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Date |
Ratio |
02/05/1998 | 1 for 3
| 02/08/1999 | 2 for 1
| 01/18/2000 | 11 for 10
| 05/17/2000 | 5 for 4
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